Whispering Oaks
83 Units | Built 1986 | Attractive, Assumable In-Place Debt | Tremendous Upside Potential
The Opportunity
IPA and Marcus & Millichap are excited to present Whispering Oaks (“The Property”), an 83-unit multifamily residential complex built in 1986, nestled in the serene environment of Orange City, strategically positioned between the booming Orlando & Daytona Beach Metropolitan Statistical Areas (MSAs). This unique property, sprawled across lush landscapes, is composed of one- and two-story buildings, and features a dedicated leasing office, convenient laundry facility, and over 50 townhome-style residences that blend comfort with modern living. Whispering Oaks can be purchased free & clear of any debt or by assuming the attractive below-market existing loan.
Investment Highlights
Strong on-site occupancy above 95%
All units have a patio/balcony
55/83 units are classic (66%) and in turn-key condition with significant upside potential
Potential to add W/D hook-ups and machines in each unit for additional rental premium
41,480 households and 102,661 people within a five-mile radius
The Daytona Beach MSA is forecasting an average YoY rent growth number of 3.28% from 1Q25 – 1Q2029 (AxioMetrics)
34,500 cars per day pass by on Volusia Ave
Zoom
IPA and Marcus & Millichap Team
Shelton Granade
Luke Wickham
Justin Basquill
Jim Grynevich
Matthew Prozzillo
License #: SL3348085
Ofc: +1 (407) 557-3888
Cell: +1 (727) 251-3948
Cell: +1 (727) 251-3948
Ben Skinner
License #: SL3363922
Ofc: +1 (407) 557-3889
Cell: +1 (563) 343-4630
Ofc: +1 (407) 557-3889
Cell: +1 (563) 343-4630
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