Highland Property Group - Florida

Highland Property Group - Florida Highland Property Group is a full service Real Estate Brokerage with an investment focus.

Our brokerage offers residential and commercial real estate services to buyers, sellers, investors and developers.

Mailbox money! Closed on this 4 unit Multifamily property in up and coming downtown Eustis last week. The sellers needed...
06/16/2025

Mailbox money! Closed on this 4 unit Multifamily property in up and coming downtown Eustis last week. The sellers needed a quick sale for personal reasons and were aggressive with their pricing when taking it to market. We offered right away and still ended up purchasing it for $25,000 below list price. At $83,750 per door on a fully rented property that currently brings in $4250 per month in gross monthly rent it was a no brainer. It does have some deferred maintenance that will need to be addressed in the form of old A/C units and hot water heaters but nothing we can’t handle. Excited to add this one to the portfolio.

Commercial Real Estate Case Study #2We purchased this property in January 2025. It was completely vacant and had been f...
05/20/2025

Commercial Real Estate Case Study #2

We purchased this property in January 2025. It was completely vacant and had been for about a year. The previous seller was a longtime Real Estate Investor who was retiring and liquidating his portfolio.

The Real Estate market was soft with a lot of uncertainty surrounding the macro economy in general. We mentioned this in negotiations with the seller leveraging that and telling him we would give him his asking price but it would have to be on our terms- seller financing with a below market interest rate. We settled on 25% down with the balance held at a 5.75% interest rate on a 30 year amortization schedule with a 3 year balloon. And instead of him paying my 2.5% ($13,975) buyer’s rep commission up front it would be deferred into a $1000 credit on the first 14 mortgage payments to the seller ($14,000).

The property itself is 5090 sf under air (5900 gross sf) with 2 flex/warehouse spaces on the bottom floor and 2 residential apartments on the top floor. We spent around $35,000 in renovations including new interior/exterior paint, added an a/c system with duct work to 1 unit, replaced the a/c unit in another unit, new flooring in a unit, upgraded to LED lighting throughout, miscellaneous fixture updates and updated the fire security system in the building.

By April 1 the entire building was fully leased to 2 residential tenants and 2 separate e-commerce tenants. The gross monthly rent is $6890 which represents a 58% net monthly margin and annual NOI above $70,000. Looking forward to pulling a nice bit of cash out on the refinance in a few years while holding this one in the portfolio long term.

Commercial Real Estate Case Study # 1:This property was purchased in November 2023. The owner died 2 years prior and we...
04/30/2025

Commercial Real Estate Case Study # 1:

This property was purchased in November 2023. The owner died 2 years prior and we dealt with a court appointed representative of the seller’s estate and probate attorney. It was not marketed well (good for us), but at the very least it was a covered land play as it was on 1.5 acres, in the path of development and near a major intersection in Lake County, FL.

After a site visit we quickly put it under contract and ended up negotiating an $80,000 price reduction after the due diligence period because we smelled blood in the water (would’ve closed regardless). The property has 2 buildings - a 5500 sf industrial building with 7 small bay units (10 ft roll down door, regular door, power), a 2300 sf building that has an office/retail space in front and six 12 x 20 storage units in the back. The property also has a 1/4 acre of space behind the retail/storage building and another fenced 1/2 acre in the back with separate gate. The 2300 sf building hadn’t been rented in 6 years because of what the attorney told us was a “problem with the city” and both open yard storage spaces were not utilized.

When we closed on the property at an 8.5 cap rate it was bringing in $3980 in gross monthly rent at 50% occupancy plus untapped potential in the open yard areas. A beautiful short term value add opportunity and long term redevelopment play it was.

After closing we got to work:
-$35,000 of renovations.
-Raised rents on existing tenants in the industrial small bay building.
-Leased the front office/retail space to the local Alcoholics Anonymous Chapter on a 10 year lease with 2% annual rent escalations (“problem with the city” was just a matter of bringing the space up to fire code).
-Leased all 12x20 storage units.
-Leased the first 1/4 acre open yard storage area for storage of boats, trailers and to an auto repo guy.
-Leased the back 1/2 acre open yard storage area to a company who buy and sell RVs.

1.5 years later the same property that we inherited with a $3980 gross monthly rent clip now brings in $8765 per month which at that same 8.5 cap rate is a $1,100,000 valuation.

📍 1094 Red Maple Way NSB, FL 32168🏠 3/3 2864 sf💵 $849,999 Located in the highly desirable Sugar Mill Country Club commun...
03/01/2025

📍 1094 Red Maple Way NSB, FL 32168
🏠 3/3 2864 sf
💵 $849,999

Located in the highly desirable Sugar Mill Country Club community of New Smyrna Beach, FL, 1094 Red Maple Way is a custom built single family home completed in 2020. This luxurious residence offers 2,864 square feet of living space under air and 4,239 gross square footage providing the perfect combination of indoor and outdoor space for the Florida lifestyle.

The meticulous property features 3 bedrooms and 3 bathrooms. The open concept floor plan is adorned with high-end finishes and appliances, creating an inviting atmosphere for both relaxation and entertainment. The master suite is thoughtfully designed with his and hers walk-in closets, providing ample storage. The spa like oversized master bathroom is tastefully furnished with modern touches. The 700 square foot garage offers plenty of space for vehicles, golf carts, additional toys and ample storage needs. The outdoor area is equally impressive, boasting a patio with serene golf course views and a fully equipped outdoor kitchen, perfect for alfresco dining and gatherings. The property has natural gas and a Generac generator enhancing convenience. Situated within a gated community, residents have access to exclusive amenities, including golf courses, tennis courts and a clubhouse.

Convenient to State Road 44, 95. 10 minutes to Historic Canal Street in Downtown New Smyrna Beach. 15 minutes to beaches and Historic Flagler Avenue. TV on back patio conveys with the sale.

Vintage craftsman bungalow in the Lake Cherokee Historic District section of Delaney Park, one of Downtown Orlando’s mos...
09/23/2022

Vintage craftsman bungalow in the Lake Cherokee Historic District section of Delaney Park, one of Downtown Orlando’s most popular neighborhoods. Freshly painted with upgraded electric panel in 2021, new fence in 2021, new A/C in 2020 and roof replacement in 2013. Convenient to I-4, 408, the Hourglass District, the Milk District, Ivanhoe Village and Winter Park. Walking distance to Thornton Park, Dr. Phillips Center, Amway Center, Lake Cherokee Park, Delaney Park and Lake Eola Park. Blankner K-8 and Boone High school district.

MLS # O6062019
510 S. Eola Drive Orlando, FL 32801
2/1 852 sf
$369,000

343 Broadway Ave Orlando, FL 328033 bed/3 bath 1835 sf$749,999OPEN HOUSE: Saturday July 9 • 12:00-3:00Sunday July 10 • ...
07/06/2022

343 Broadway Ave Orlando, FL 32803
3 bed/3 bath
1835 sf
$749,999

OPEN HOUSE:
Saturday July 9 • 12:00-3:00
Sunday July 10 • 11:00-3:00

Address

Eustis, FL
32726, 32727, 32736

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