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Build To Rent, 20 New Const Homes, 20% down 3505 Main Street

20 Unit Apartment Building $9,071,808 CAD ($453,590 CAD/Unit) 7% Cap Rate Hawthorne, FL 32640

Investment Highlights

  • Single Family For Rent Community
  • Opportunity to Purchase in Bulk Under Appraised Valuation of $355,000 Per Home
  • Putnam County has Significantly Lower RE Taxes than neighboring Alachua County
  • Developer Guarantees Rent for 1 year
  • Close Proximity to University of Florida
  • Approximately 4-6 month Completion Time Frames

Executive Summary

ONE Commercial Real Estate is pleased to present the West Lake build to-rent investment opportunity, strategically located near Gainesville, FL. 20 New Construction homes to be constructed with 20% down! (Asking $320,000 per home, homes appraised at $358,000) Single Family for rent boasts great benefits to larger scale/traditional multifamily with 4-6 month construction to completion, lower vacancy and tenant turnover, lower operating expenses and recession resistant! Gainesville is 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 opportunistic 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.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $9,071,808 CAD
Price Per Unit $453,590 CAD
Sale Type Investment
Cap Rate 7%
Sale Conditions
Build to Suit
  • Bulk/Portfolio Sale
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class B
Construction Status Under Construction
Building Size 38,000 SF
No. Stories 1
Year Built 2025

Site Amenities

  • Picnic Area
  • Lake Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 20 $3,260 CAD 1,799 - 1,958

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-10-23-9312-0040-0020
Land Assessment
$2,158 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$2,158 CAD (2023)
  • Listing ID: 31794019

  • Date on Market: 2024-05-14

  • Last Updated:

  • Address: 3505 Main Street, Hawthorne, FL 32640

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