The Apartment King321-275-KING
For sale · Multifamily Property

The Garden Villas

6807-6809, 6793-6795, 6839-6841, 6821-6823 West Doris Maretta Lane, Homosassa, FL
$1,100,000
Sale Price
8
Units
6.52%
Day One Cap
7.58%
Year One Cap
$137,500
Per Unit
Why this deal

Investment highlights

  • [object Object]
  • [object Object]
  • [object Object]
  • [object Object]
At a glance

The property, on the record

Asset typeMultifamily Property
Units8
Year built1990
Lot size0.91 acres
Buildings4
Flood zoneZone Mostly Zone X / Partial Zone AE

Sourced from the county property roll and the FEMA National Flood Hazard Layer.

The property

Overview

Garden Villas is a well-maintained portfolio of four concrete-block duplexes constructed in 1990, offering eight spacious 2-bedroom, 1-bath residences with approximately 960 square feet of living area per unit. The residences feature cathedral ceilings in the living rooms and kitchens, 8-foot ceilings throughout the remainder of the units, in-unit laundry closets with washer/dryer hookups, walk-in primary-bedroom closets, and a combination of tile and luxury vinyl plank flooring. Interiors have been freshly painted within the past two years.

Each unit offers a private fenced backyard with a concrete patio, exterior storage closet, and three dedicated paved parking spaces. The roofs were replaced in 2020 and 2023 with dimensional shingles and peel-and-stick underlayment. The property is serviced by a shared well system, while each duplex has its own septic system and drain field serving both units.

Several residences have received additional updates, including renovated kitchens with granite countertops, remodeled bathrooms, screened lanais, and additional storage sheds, providing a mix of upgraded features across the portfolio.

On site

Photos

Make an Offer · Sign the LOI
or call 321.275.5464. I answer my own phone.

Get the full brochure

30 seconds. No DocuSign. Instant download.
Confidentiality & Commission Notice. By accessing this offering material you agree: (1) the information is confidential, provided solely to evaluate a possible purchase, and may not be redistributed; (2) all information is believed reliable but is not guaranteed and is subject to change; (3) outside brokers and agents are not offered co-broke compensation by the listing broker or seller — any agent representing a buyer is compensated solely by their buyer; (4) you will conduct your own due diligence. This notice is a binding click-through agreement recorded with your name, email, and timestamp.
The neighborhood

See it from the air, and what surrounds it

Loading the neighborhood...