Oakwood Village
For sale18933 Quercus Dr, Hudson, FL 34667
Property type
Multifamily
Unit / Space count
75
Price
$7,800,000
Building size
39,000 sf
Rentable area
39,000 SF
Year built
1986
Year renovated
Occupancy
Zoning code
Lot size
11.78 Acres
Bedroom count
Price per Unit
$104,000
Price per SF
$200.00
Property description
Oakwood Village is a 75-unit garden-style community built in 1986 on 11.78 acres in Hudson. Its mix of studio, one-, and two-bedroom floorplans appeals to a broad renter base, and leasing performance is exceptional at 100% pre-leased, reflecting strong demand and stabilized operations. Ownership has completed recent capital improvements including fresh exterior paint, upgraded landscaping, tree removal, fencing repairs, and upgraded concrete pads and walkways. The asset offers an attractive 6.81% going-in cap rate on a tax- and insurance-adjusted basis, with additional upside through a bulk cable and internet program and the installation of in-unit washer and dryer machines. Positioned in coastal Pasco County, Oakwood sits just minutes from the US-19 commercial corridor and Hudson's Gulf Coast beaches, marinas, and waterfront amenities. Roughly 45 miles north of Tampa within the Tampa–St. Petersburg–Clearwater MSA, the property enjoys direct metro access via US-19 and the nearby Suncoast Parkway.
Property highlights
- Property Overview: 75-unit garden-style community built in 1986, situated on 11.78 acres
- Diverse Unit Mix: A blend of studio, one-, and two-bedroom floorplans appealing to a broad renter base
- In-Unit Laundry: 70% of units are equipped with washer and dryer connections
- Exceptional Leasing Performance: 100% pre-leased, reflecting strong demand and stabilized operations
- Recent Capital Improvements: Ownership has completed fresh exterior paint, upgraded landscaping, tree removal, fencing repairs, and upgraded concrete pads and walkways
- Attractive Going-In Yield: 6.81% tax- and insurance-adjusted cap rate
- Untapped Ancillary Income: A bulk cable and internet program offers immediate potential to grow other income
- In-Unit Laundry Upside: Installing washer/dryer machines in every unit creates an immediate revenue stream while enhancing the resident experience
- Coastal Pasco County Location: Positioned in Hudson, just minutes from the US-19 commercial corridor and Hudson's Gulf Coast beaches, marinas, and waterfront amenities
- Tampa Bay MSA Connectivity: Roughly 45 miles north of Tampa within the Tampa–St. Petersburg–Clearwater MSA, with US-19 and the nearby Suncoast Parkway providing direct access to the greater metro
- Steady Nature Coast Demand: Located along Florida's Nature Coast, a growing, affordable, retiree- and family-driven market that supports consistent rental demand
- Proximity to Employment & Healthcare: Convenient access to major area employers and healthcare providers, including HCA Florida Bayonet Point Hospital and the retail and service base along US-19