Investment Highlights

• Elevate Your Investment Potential at 7 Lakes Townhomes / Rainbow Lake Village! Ownership is ready to put a deal together and utilizing the assumable financing in place, this could be the one asset to add to your portfolio or stake your claim in the Manatee County & Gulf coast of Florida market!
• Dive into this exclusive opportunity to own a fee simple interest in 7 Lakes Townhomes / Rainbow Lake Village, a thriving 29-unit multifamily community nestled in the heart of Manatee County, Florida.
• Seize the chance to acquire this gem at an attractive price of $5,350,000, with the added benefit of assuming a first mortgage & note (Fannie Mae) locked in at a competitive rate of approximately 4.1%.
• Unlock the value of a second assumable mortgage, offered by the same lender, resulting in a blended rate of approximately 5.14%—a deal that stands out in today's market.
• Major renovations across the property including brand new roofs as well as exterior paint.
• Every Unit has a stackable washer and dryer, patios as well as water views for select units.
• Unleash your investment portfolio with professionally managed interiors, complete with upgraded features and in-unit washer and dryer setups for tenant convenience.
• Discover the untapped potential of adding pet-friendly policies, utility passthroughs, offering a lucrative upside of approximately $75 to $100 per unit, while enhancing tenant satisfaction with a future dedicated dog recreation area or fabric covered carports.
• Embrace the serene views of Rainbow Lake from select units, complemented by privacy-enhancing PVC fencing and potential future revenue streams through covered parking options, laundry warranty program and pet friendly rates. Utilize the 5.7 +/- acres which include littoral rights of Rainbow Lake without any responsibilities to maintain the lake, per ownership.
• Experience peace of mind with newer construction (2008), recent roof replacements (2025), recent exterior painting (2025), and strategic water management features, ensuring a secure and sustainable investment for years to come.
• Grasp the moment to capitalize on existing deferred maintenance, as ownership invests in property enhancements, setting the stage for a profitable and rewarding ownership experience at 7 Lakes Townhomes / Rainbow Lake Village.