Haven at Lake Deer

Winter Haven, Florida

Haven at Lake Deer

Winter Haven, Florida
  • Units

    368

  • NOI at Acquisition

    $1,404,418

  • Acquisition Cost

    $24,025,000

  • Current NOI

    $2,570,085

  • Renovation Cost

    $7,203,740

  • Gross IRR

    31.4%

  • Total Cost

    $31,228,740

  • Gross Multiple

    2.6x

PROPERTY DESCRIPTION

Acquired waterfront property with significant deferred maintenance to add value through renovation and operational stabilization. Completed renovation in February 2021, currently 95% leased. New leases and lease renewals at above-market rates.

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