150-221 SE SUNDIAL Place, Lake City, FL 32025
New Listing
$10,200,000
Property Type:
Commercial Sale
Square Footage:
51,190
Lot Size (sq. ft.):
288,803
Status:
Active
Current Price:
$10,200,000
List Date:
5/20/2026
Last Modified:
5/20/2026
Description
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.
More Information MLS# 2146262
Contract Information
Current Price: $10,200,000
List Price: $10,200,000
Status: Active
Listing Contract Date: 2026-05-18
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 150-221
Street Direction Prefix: SE
Street Name: SUNDIAL
Street Suffix: Place
County: Columbia
State: FL
Postal Code: 32025
MLS Area Major: 803-Columbia-Southeast
General Property Information
Number Of Units Total: 107
Building Area Total: 51190
Year Built: 1986
Building Name: Sundial Apartments
Lot Size Acres: 6.63
Waterfront YN: No
Stories Total: 2
Directions: From Jacksonville, travel west on I-10 to I-75 North.
Public Remarks: 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.
List Price/SqFt: 199.26
Status Change Information
Major Change Timestamp: 2026-05-20T20:47:26Z
Major Change Type: New Listing
Unit 1 Details
Unit ID: Studio/Eff
Annual Rent: 955
Unit SqFt: 400
# Units (This Type): 62
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Studio/Efficiency
Unit 2 Details
Unit ID: 1BR
Annual Rent: 1035
Unit SqFt: 550
# Units (This Type): 37
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: One-Bedroom
Unit 3 Details
Unit ID: 1BR-Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Furnished: Unfurnished
Unit Remarks: Larger One-Bedroom
Unit 4 Details
Unit ID: Studio/Eff
Annual Rent: 955
Unit SqFt: 400
# Units (This Type): 62
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Studio/Efficiency
Unit 5 Details
Unit ID: 1BR
Annual Rent: 1035
Unit SqFt: 550
# Units (This Type): 37
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: One-Bedroom
Unit 6 Details
Unit ID: 1BR Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Larger One Bedroom
Unit 7 Details
Unit ID: 1BR Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Larger One Bedroom
Unit 8 Details
Unit ID: 1BR Large
Annual Rent: 1075
Unit SqFt: 750
# Units (This Type): 8
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Larger One Bedroom
Property Features
Lot Features: Cleared
Parking Features: Parking Lot
Sale Includes: Building & Land
Listing Office: IRON VALLEY REAL ESTATE NORTH FLORIDA
Last Updated: May - 20 - 2026
Information deemed reliable but not guaranteed.