Commercial property in Lake City, Florida 338.16 sq.m. № 1535883

Trinity Villas is conveniently located sixty miles west of Jacksonville and forty-five miles north of Gainesville. Known as “Florida’s Gateway City,” Lake City is strategically positioned at the crossroads of Interstates 10 and 75, making it an ideal entry point for travelers into the state. The area is renowned for its world-class springs. In August 2024, all units underwent certified 4-point inspections for mechanical and roofing systems. The seller reviewed each inspection and resolved any issues identified in the reports, ensuring there are no outstanding concerns. Thorough pre-inspections were conducted for all homes to verify that there were no unreported issues from tenants, with any cosmetic damage repaired before inspections. Units were restored to move-in condition a week prior to the 4-point and roof inspections. Extensive renovations were implemented to boost curb appeal and enhance interior mechanical systems. All units received updated bathroom vanities, resurfaced tubs, refinished cabinets, and a consistent platinum grey paint scheme. The exteriors of all homes were repainted between 2020 and 2024 using Behr Premium Exterior paint. Cross tie fencing was installed in 2020, and Ark Place Road was closed to through traffic with city approval. The property is equipped with twenty solar flood lights and motion- sensor security cameras covering all areas. Additionally, this site is situated in an opportunity zone, offering potential tax advantages for buyers looking to make improvements and claim distressed additions for capital gains tax purposes. All the units have separate water and electric meters. Upgrades and remodeling have been done on all but one unit. There is one building that is used for storage that can be remodeled and a slab to add another unit. Email listing agent for additional upgrades for on all of the units and income potential.