518 N Orange Blossom Trl - Apartments FOR SALE


Orlando, FL 32805- Rock Lake
$4,200,000 USD
813-404-6916
518 N Orange Blossom Trl, Orlando, FL for Sale
$4,200,000 USD
Apartments - FOR SALE
1/12
null | 7.33% Cap Rate

518 N Orange Blossom Trl
Orlando, FL 32805
Rock Lake


HIGHLIGHTS

  • Strong Quality Asset in Incredible Growth Location
  • Benefit of Instant Rental Income w/ Value Add Play
  • Significant Development in Surrounding Area
  • Walk to Citrus Bowl Stadium

OVERVIEW

Orange Grove Villas | Incredible Orlando, FL apartment complex in rare zip code. Modern updates for urban apartment living. 25-Unit Value Opportunity in Nation's #1 Growing Market. Features (25) one-bedroom apartments. New ownership will acquire a perfect value-add opportunity to renovate and lease-up the detached 25th unit. Additional benefits include proximity to population growth (+62% population growth since 2000), strong demand (95% average submarket occupancy), positive rent growth projections, and proximity to major employers including Disney World, Universal Studios + Universal Epic Universe, and AdventHealth Orlando Hospital. Cost Analysis Performed as Rental Property In: Rent - $429,564.00 Out: (Annual) Property Taxes - $21,461.00 (Annual) Estimated Insurance - $18,446.00 (Annual) Property Management (Optional) - $34,365.12 (Annual) Estimated Utilities/Lawn/Repair/Misc. - $47,328.00 Total Costs - $121,600.12 Net: $307,963.88 Earn: Total yearly net equates to - $307,963.88 Total monthly gross equates to - $35,797.00

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

25

PRICE/UNIT

$168,000

CAP RATE

7.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orange Grove Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,537 SF

ZONING

MU-1/T/SP, Orlando

APN/PARCEL ID

27-2229-0000-00-065

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

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Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

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