Double Eagle | New Smyrna Beach, FL

Property Overview

Offering Memorandum and Financials available via Property Website:

https://www.crexi.com/properties/1513184/florida-double-eagle-apartments

Double Eagle is a 37-unit garden style apartment community located in New Smyrna Beach, Florida. Built in 1980, the community consists of six two-story buildings surrounding a beautiful pond. The community has a very favorable unit mix comprised large of two-bedroom & three-bathroom units.

Double Eagle’s average in-place rent is approximately 15% under market values with the opportunity to elevate both organically and through light interior upgrades. The community is being offered to the market with an assumable loan from Fannie Mae. The loan has multiple years remaining at below market interest rate.