# 8-Unit Rental Development – Ocala, Florida

> Acquire an entitled 8-unit Ocala R3 project for $230K, then build.

**Location:** Ocala, Marion County, FL  
**Status:** Entitled · Plan-Stamped · Available for Acquisition  
**Key figures:** 8 rental units · $230,000 to acquire the project · 22% projected ROI

## Overview

We present a compelling investment opportunity in Ocala's thriving real estate market: an 8-unit rental community development strategically located near the historic downtown and major employment centers. The investor steps into a fully entitled, plan-stamped project for a $230,000 acquisition fee — paid-off land, committed engineering, and stamped plans included — and then funds construction through to stabilization.

Key Investment Highlights:
• Project acquisition fee: $230,000 (turns over a fully entitled R3 site)
• Conveyance includes paid-off land valued at $160,000 (0.68 acres, R3-Multifamily)
• Engineering committed: $21,700 — plan set already stamped
• Estimated infrastructure: $310,000
• Estimated construction: $1,911,719.04 (8 units · $238,964.88/unit)
• Lease-up reserves: $174,920.96
• Total project value: $2,626,640
• Total investor outlay: $2,626,640 ($230,000 at close + $2,396,640 construction capital)
• Projected ROI at stabilized exit: 19%–28% (cap-rate sensitivity)
• Annual gross rental income (95% occupancy): $218,880
• Market cap rate: 6.5–7% · Stabilized value range: $3.13M–$3.37M

The development is positioned in one of Florida's fastest-growing metropolitan areas, with a projected population growth of 56.8% by 2060 and a low 3.2% unemployment rate. This location, combined with consistently low vacancy rates and strong rental demand, provides robust fundamentals for sustainable returns.

The project is development-ready, with all preliminary entitlements secured and an experienced team in place. Our modern, energy-efficient design caters to the area's growing professional demographic, while smart home technology and sustainable features ensure long-term value appreciation.

## Details

- Site: 0.68 acres · R3-Multifamily · Ocala, Marion County, FL
- Program: 8 rental units · 2–3 BR per unit
- Project Acquisition Fee: $230,000 · Conveys land + engineering + stamped plans
- Land Value (Paid): $160,000 · No liens · Engineering (Committed): $21,700
- Estimated Infrastructure: $310,000 · Construction: $1,911,719.04 ($238,964.88/unit)
- Lease-up Reserves: $174,920.96 · Total Project Value: $2,626,640
- Total Investor Outlay: $2,626,640 ($230,000 at close + $2,396,640 construction)
- Monthly Rent Per Unit: $2,400 · Annual Gross (95%): $218,880
- Projected ROI at exit: 19%–28% · Market Cap Rate: 6.5–7% · Stabilized Value: $3.13M–$3.37M

## Specifications

| Specification | Value |
| --- | --- |
| Project Type | 8-Unit Residential Rental Complex |
| Land Size | 0.68 acres |
| Project Planning | Innova Land and Development Planning |
| Zoning | R3-Multifamily Use |
| Project Acquisition Fee | $230,000 |
| Estimated Infrastructure Cost | $310,000 |
| Estimated Construction Cost | $1,911,719.04 |
| Lease-up Reserves | $174,920.96 |
| Total Project Value | $2,626,640 |
| Construction Capital Required | $2,396,640 |
| Total Investor Outlay | $2,626,640 |
| Monthly Rent Per Unit | $2,400 |
| Annual Gross Income (95% occupancy) | $218,880 |
| Market Cap Rate | 6.5–7% |
| Stabilized Value Range | $3.13M–$3.37M |
| Projected ROI at Exit | 19%–28% |
| Development Timeline | 12–18 months |
| Collateral | Land ($160,000) |

## Amenities

- Modern 2–3 bedroom units
- Secure parking facilities
- Professional landscaping
- Energy-efficient appliances and systems
- Granite countertops in kitchen and bathrooms
- Luxury vinyl plank flooring
- Shaker-style cabinetry
- Smart home technology

## Sustainability

- Energy-efficient building design
- Energy-efficient lighting and appliances
- High-performance windows and insulation
- Energy-efficient HVAC and water heating
- Water-efficient fixtures and appliances
- Solar-ready infrastructure

## Market highlights

- 56.8% population growth projected by 2060
- 3.2% unemployment rate (below state/national average)
- Strong rental demand with low vacancy rates
- Premium location near major employers
- Proximity to historic downtown
- Robust real estate appreciation trends
- Marion County approved 6,422+ new homes/apartments in 2024

## Financials

### Land Investment Structure

- Total Land Parcel: 0.68 acres
- Land Value: $160,000
- Land Acquisition: Complete · No liens
- Zoning: R3-Multifamily

### Project Cost Structure

- Project Acquisition Fee: $230,000 (conveys land, engineering, stamped plans)
- Land Value (Paid): $160,000 · Engineering (Committed): $21,700
- Estimated Infrastructure Cost: $310,000
- Estimated Construction Cost: $1,911,719.04 (8 units · $238,964.88/unit)
- Lease-up Reserves: $174,920.96
- Total Project Value: $2,626,640

### Project Totals (8 units)

- Project Acquisition Fee: $230,000 (paid at close)
- Construction Capital Required: $2,396,640
- Total Investor Outlay: $2,626,640
- Total Project Value: $2,626,640
- Annual Gross Income (95% occupancy): $218,880
- Stabilized Value Range: $3.13M–$3.37M (6.5–7% cap)
- Projected ROI at exit: 19%–28% (cap-rate sensitivity on $2,626,640 outlay)
- Development Timeline: 12–18 months

### Funding Structure

- Investor pays $230,000 at close to acquire the entitled project
- Investor funds construction capital of $2,396,640 through to stabilization
- Total investor outlay: $2,626,640
- Exit options: Long-term hold, stabilized refinance, or stabilized sale
- Market cap rate: 6.5–7% on $218,880 stabilized rent · Value: $3.13M–$3.37M

## Documents

- **Site Location Map** — Map showing the project location and surrounding area
- **Land Use Documentation** — Current land use and zoning information
- **Ocala, Florida metro is No. 1 on this U.S. Census Bureau list** — Census Bureau report on Ocala metro growth
- **How fast is Ocala Florida growing?** — Geographic FAQ Hub report on Ocala's growth
- **Over 6,422 new homes and apartments approved or built in Marion County in 2024** — Ocala-News.com report on new homes and apartments in 2024
- **Growth & Development Report** — Analysis of Ocala/Marion County growth trends
- **Regional Growth Strategy** — Strategic planning document for regional development

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Full brochure: https://www.innovaldp.com/projects/ocala-residential
Innova Land and Development Planning · info@innovaldp.com · 352-230-7790