1237 S Citrus Ave

The Tuvia Group successfully closed the 4-unit multifamily property for $1,625,000, equating to approximately $406,250 per unit. The property was originally listed at $1,699,999 and closed after 75 days on market. At closing, two of the four units were delivered vacant, providing the buyer with immediate flexibility to renovate and reposition 50% of the property. The asset generated a reported 2024 NOI of $73,562, translating to a 4.52% actual cap rate and 14.87 GRM at the closing price.