• listing
  • SINGLE FAMILY HOMES
Main Street, Hawthorne, FL 32640 GAINESVILLE, FL 32640
  • SINGLE FAMILY HOMES
  • 7% Approx.% Cap Rate

SINGLE FAMILY HOMES

ONE Commercial Real Estate is pleased to present the West Lake build- to-rent investment opportunity, strategically located near Gainesville, Florida. A dynamic hub that is home to the University of Florida and renowned for its high quality of life, affordability, and abundant amenities. This development is designed to address the growing demand for single-family rental homes, capitalizing on prime location to deliver top-tier living spaces tailored to modern renters.

The project promises substantial passive income through economic resilience, highlighted by low tenant turnover and minimal capital expenditures. Supported by an experienced development team with a track record of successful construction strategies and driven by strong market demand, West Lake stands out as a profitable and sustainable investment. Additionally, the vibrant community life in Gainesville, full with diverse recreational and cultural offerings such as state parks, theaters, and museums, adds further desire to this promising investment opportunity.

Property Highlights

  • Up to 50 single family for rent homes to be developed and leased – Opportunity to purchase under appraised value
  • 4-6 month completion (tbd based on quantity)
  • Developer is willing to guarantee rent of $220 for 1 year post closing
  • Positive migration from neighboring/highly retaxed Alachua County
  • Excellent Access to Downtown Gainsville
  • Exceptionally low property taxes

read more
Alexis
Shapiro
Multifamily Advisor

Property Info

  • SQFT RANGE PER HOME
    1,799-1,958
  • CAP RATE
    Approx. 7%
  • PURCHASE UNDER APPRAISED VALUE OF
    $355,000

Location

Main Street, Hawthorne, FL 32640,
GAINESVILLE, FL 32640

Contact

contact Alexis
954.573.4449
3250 Mary Street, Suite 520
Coconut Grove, FL 33133

"*" indicates required fields

I prefer to be contacted by:
This field is for validation purposes and should be left unchanged.

One Commercial

Only with ONE

ONE Commercial Real Estate Logo

Please fill out your information to download the PDF.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

We take your privacy seriously and promise to keep your email address safe. Unsubscribe anytime.

Powered by Neutrino, Inc.