407-557-3889
180 Royal Palm Dr, Kissimmee, FL for Sale
Apartments - FOR SALE
1/34
null | 6.93% Cap Rate

180 Royal Palm Dr
Kissimmee, FL 34743
Lake Toho


OVERVIEW

CONTACT LISTING AGENTS TO REQUEST ACCESS TO THE DUE DILIGENCE DEAL ROOM LISTING AGENT CONTACT INFORMATION: Benjamin.Skinner@marcusmillichap.com Matthew.Prozzillo@marcusmillichap.com SP Multifamily Group is pleased to present Lago Vista, a 40-unit garden-style multifamily community comprised exclusively of oversized two-bedroom/two-bathroom residences averaging 1,088 square feet. Constructed primarily in 1982, the property features true bed/bath parity, private screened patios, and a full amenity package including a swimming pool, playground, dog park, shuffleboard court, leasing office, and expansive green space, while the exterior and landscaping present exceptionally well for the asset’s vintage. Located in Kissimmee within the rapidly expanding Orlando MSA, Lago Vista sits minutes from Lake Nona Medical City, the Lake Nona Innovation District, NeoCity’s emerging semiconductor hub, and Orlando International Airport. The property also benefits from proximity to the Heritage Park redevelopment and the 27,000+ acre Sunbridge master plan—developed by Tavistock—which includes a 700+ acre business park where aerospace company Blue Origin established a 220,853 SF footprint in 2024, and companies such as TJX and Venture One have already completed land acquisitions. With 28 units already renovated and only 12 classic units remaining, Lago Vista offers investors a clearly defined value-add program within one of Central Florida’s strongest employment growth corridors.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

40

CAP RATE

6.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lago Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

95

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,535 SF

ZONING

-

APN/PARCEL ID

08-25-30-3723-0001-COMM

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 Notice.