404-877-9285
1200 W Holden Ave, Orlando, FL for Sale
Apartments - FOR SALE
1/31
null | Request Cap Rate

1200 W Holden Ave
Orlando, FL 32839
Lake Jasmine


HIGHLIGHTS

  • Positioned in the Healthcare Corridor of Orlando & Minutes From Universal Studios
  • Strategic Value-Add Execution | Significant Revenue Potential

OVERVIEW

Colliers is pleased to present Palm Grove, a 140-unit garden-style community with strategic value-add upside located minutes from large employers near the Central Business District of Orlando, FL. A rare REO asset in good physical condition, Palm Grove offers multiple paths to add value. All 140 units offer a variation of hardwood-style floors, laminate countertops, oak or espresso cabinets, and black appliances Targeted renovations including granite countertops, backsplash, and stainless-steel appliances will generate monthly premiums and help close the current $130/unit rent delta with nearby competitors. Strategic amenity enhancements in the central courtyard will complement unit interior renovations and boost the property’s perception to a higher income demographic.New ownership will acquire a perfect value-add opportunity with the ability to leverage excellent population growth (+62% population growth since 2000), strong demand (95% average submarket occupancy), positive rent growth projections (3.3% annually from 2027 to 2030), and proximity to major employers including Disney World (80,000 jobs), Universal Studios + Universal Epic Universe (21,000+), and AdventHealth Orlando Hospital (10,000 jobs).

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

140

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Grove Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

258

LAND DETAILS

LAND ACRES

7.85 AC

LAND SF

341,946 SF

ZONING

R-3

APN/PARCEL ID

15-2329-0000-00-089

ASK ABOUT THIS PROPERTY

Will MathewsColliersMore Info
404-877-9285

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Will MathewsColliersMore Info
404-877-9285

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