Active

Commercial

150-221 SE SUNDIAL Place
Lake City, FL 32025

Directions:

From Jacksonville, travel west on I-10 to I-75 North.

Last Modified: Jun 10 2026

Built: 1986

County: Columbia

MLS #: 2146262

$10,200,000

150-221 SE SUNDIAL Place, Lake City, FL 32025


51190

SQFT

6.63

ACRES

ABOUT

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.

FEATURES & AMENITIES

• Lot Features: Cleared
Courtesy of: ELIZABETH MOSES, IRON VALLEY REAL ESTATE NORTH FLORIDA (MLS# f68222)
Source MLS: RealMLS