18933 Quercus Dr - Apartments FOR SALE


Hudson, FL 34667
$7,800,000 USD
813-577-3837
18933 Quercus Dr, Hudson, FL for Sale
$7,800,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

18933 Quercus Dr
Hudson, FL 34667


HIGHLIGHTS

  • Property Overview: 75-unit garden-style community built in 1986, situated on 11.78 acres
  • Diverse Unit Mix: A blend of studio, one-, and two-bedroom floorplans appealing to a broad renter base; 70% of units are equipped with washer and drye
  • Exceptional Leasing Performance: 98.7% pre-leased, reflecting strong demand and stabilized operations
  • Recent Capital Improvements: Fresh exterior paint, upgraded landscaping, tree removal, fencing repairs, and upgraded concrete pads and walkways
  • Untapped Ancillary Income: A bulk cable and internet program offers immediate potential to grow other income
  • In-Unit Laundry Upside: Installing washer/dryer machines in every unit creates an immediate revenue stream while enhancing the resident experience

OVERVIEW

Oakwood Village is a 75-unit garden-style community built in 1986 on 11.78 acres in Hudson. Its mix of studio, one-, and two-bedroom floorplans appeals to a broad renter base, and leasing performance is exceptional at 98.7% pre-leased with no tenant more than 30 days delinquent, reflecting strong demand and stabilized operations. Ownership has completed recent capital improvements including fresh exterior paint, upgraded landscaping, tree removal, fencing repairs, and upgraded concrete pads and walkways. The asset offers an attractive 6.33% going-in cap rate on a tax- and insurance-adjusted basis, with additional upside through a bulk cable and internet program and the installation of in-unit washer and dryer machines. Positioned in coastal Pasco County, Oakwood sits just minutes from the US-19 commercial corridor and Hudson's Gulf Coast beaches, marinas, and waterfront amenities. Roughly 45 miles north of Tampa within the Tampa–St. Petersburg–Clearwater MSA, the property enjoys direct metro access via US-19 and the nearby Suncoast Parkway.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

75

PRICE/UNIT

$104,000

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakwood Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

100

LAND DETAILS

LAND ACRES

11.78 AC

LAND SF

513,137 SF

ZONING

MF1

APN/PARCEL ID

06-24-17-0000-00700-0020,06-24-17-0000-00700-0030

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.