Epic Apartments

IPA is pleased to present Epic Apartments (“The Property”), a 128-unit rental asset offering ideal upside in a high growth Central Florida market. This garden-style community provides a rare combination of immediate stability and significant upside potential. Built in 1988, the asset features a low-density, all-two-story profile with a desirable amenity package including a lakeside pool and fitness center. Investors will benefit from noteworthy CapEx spending over the past five years directed at common areas that includes new roofs, new paint on all building exteriors, new signage, parking lot seal and stripe, new outdoor lounge/grilling area, new children’s playground, and more. Units were last refreshed in 2018 by a prior owner, so the Property is primed for a strategic value-add program designed to capture $125+ per month in renovation premiums. Capital improvement initiatives could include high-impact interior upgrades—such as wood-look flooring, tile backsplashes, and "smart home" technology—alongside exterior enhancements like the conversion of sport courts to a modern soccer pitch/cross-fit area and the addition of covered carports.