$10,200,000
Lake City, FL 32025
MLS# 2146262
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Property Description
Introducing Sundial Apartments - a 107-unit multifamily investment opportunity strategically positioned in the heart of Lake City, known as the ''Crossroads of Florida'' due to its exceptional connectivity via I-10 & I-75. This well-performing asset offers investors stable in-place income, strong historical occupancy, and immediate upside potential through rental growth. Current occupancy stands at an impressive 96%. Property offers 62 studio/efficiency units (400 sq ft), 37 standard 1BR units (550 sq ft), and 8 larger 1BR units (750 sq ft). Sundial presents a compelling value-add opportunity with current lease rates estimated to be approximately 10% below comparable properties. New ownership has the opportunity to implement strategic rent increases while maintaining strong occupancy, creating immediate potential for revenue growth and enhanced cash flow.
Details
Maps
Contract Information
Current Price: $10,200,000
List Price: $10,200,000
Status: Active
Listing Contract Date: 2026-05-18
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 150-221
Street Direction Prefix: SE
Street Name: SUNDIAL
Street Suffix: Place
County: Columbia
State: FL
Postal Code: 32025
MLS Area Major: 803-Columbia-Southeast
General Property Information
Number Of Units Total: 107
Building Area Total: 51190
Year Built: 1986
Building Name: Sundial Apartments
Lot Size Acres: 6.63
Waterfront YN: No
Stories Total: 2
Directions: From Jacksonville, travel west on I-10 to I-75 North.
Public Remarks: Introducing Sundial Apartments - a 107-unit multifamily investment opportunity strategically positioned in the heart of Lake City, known as the ''Crossroads of Florida'' due to its exceptional connectivity via I-10 & I-75. This well-performing asset offers investors stable in-place income, strong historical occupancy, and immediate upside potential through rental growth.
Current occupancy stands at an impressive 96%.
Property offers 62 studio/efficiency units (400 sq ft), 37 standard 1BR units (550 sq ft), and 8 larger 1BR units (750 sq ft).
Sundial presents a compelling value-add opportunity with current lease rates estimated to be approximately 10% below comparable properties. New ownership has the opportunity to implement strategic rent increases while maintaining strong occupancy, creating immediate potential for revenue growth and enhanced cash flow.
List Price/SqFt: 199.26
Status Change Information
Major Change Timestamp: 2026-05-20T20:47:26Z
Major Change Type: New Listing
Unit 1 Details
Unit ID: Studio/Eff
Annual Rent: 955
Unit SqFt: 400
# Units (This Type): 62
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Studio/Efficiency
Unit 2 Details
Unit ID: 1BR
Annual Rent: 1035
Unit SqFt: 550
# Units (This Type): 37
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: One-Bedroom
Unit 3 Details
Unit ID: 1BR-Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Furnished: Unfurnished
Unit Remarks: Larger One-Bedroom
Unit 4 Details
Unit ID: Studio/Eff
Annual Rent: 955
Unit SqFt: 400
# Units (This Type): 62
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Studio/Efficiency
Unit 5 Details
Unit ID: 1BR
Annual Rent: 1035
Unit SqFt: 550
# Units (This Type): 37
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: One-Bedroom
Unit 6 Details
Unit ID: 1BR Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Larger One Bedroom
Unit 7 Details
Unit ID: 1BR Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Larger One Bedroom
Unit 8 Details
Unit ID: 1BR Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Larger One Bedroom
Property Features
Lot Features: Cleared
Parking Features: Parking Lot
Sale Includes: Building & Land
Listing Office: IRON VALLEY REAL ESTATE NORTH FLORIDA
Last Updated: May - 20 - 2026
Information deemed reliable but not guaranteed.