1080 - 1126 Laurel Oaks Ct - Apartments FOR SALE


Oviedo, FL 32765- East Outlying-Seminole
$7,900,000 USD
407-557-3889
1080 - 1126 Laurel Oaks Ct, Oviedo, FL for Sale
$7,900,000 USD
Apartments - FOR SALE
1/8
null | 6.17% Cap Rate

1080 - 1126 Laurel Oaks Ct
Oviedo, FL 32765
East Outlying-Seminole


HIGHLIGHTS

  • Long-Term Ownership (30-Years) Presents Organic Upside Through the In-Place Below Market Rents
  • 44-Unit Concrete Block Multifamily Asset
  • All Units are Large 3-Bed/2-Bath’s Spanning 1,066 SqFt.
  • Low Density Site Provides Tenants With a Lifestyle Similar to That of Single-Family Rentals
  • Unit Amenities Include Private Garages, Cathedral Ceilings, Backyards, And Washer/Dryer Connections
  • Water and Electric are Individually Sub-Metered by Unit

OVERVIEW

SP Multifamily Group of Marcus & Millichap is pleased to present Oviedo Oaks Villas, a 44-unit multifamily property located in Oviedo, FL. Situated in the fastest growing metro area in the United States (Orlando MSA), Oviedo Oaks Villas provides a new investor with an asset surrounded by continual growth and major developments in Oviedo and surrounding areas. As a result of legacy ownership (30+ years), there is ability for organic rent growth and a possible opportunity to increase rent growth by implementing an interior and exterior renovation plan at the property. With utility responsibility being on the tenants (Water, Electric, and Trash), this provides a new investor with a lower expense load, and as a result, higher returns and less responsibility when it comes to operating expenses at the property.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

44

PRICE/UNIT

$179,545

CAP RATE

6.17%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oviedo Oaks Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.98 AC

LAND SF

347,609 SF

ZONING

-

APN/PARCEL ID

03-21-31-502-0000-0090,03-21-31-502-0000-0200

ASK ABOUT THIS PROPERTY

Benjamin SkinnerSP Multifamily Group of Marcus & MillichapMore Info
407-557-3889

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Benjamin SkinnerSP Multifamily Group of Marcus & MillichapMore Info
407-557-3889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.