Multifamily
Courtyard Villas
3764 Rio Grande Ave, Orlando, FL 32839
Listing Price: $13,000,000
Cap Rate
5.85%
Number of Units
80
Price/Unit
$162,500
Price/Gross SF
$298.17
Gross SF
43,600
Investment Overview
An 80-unit, garden style apartment community located in Orlando
Courtyard Villas
Investment Highlights
- An 80-unit, garden style apartment community located in Orlando
- Seller has spent over $550,000 in capital improvements since 2021, including renovating 56% of the units
- Unit renovations include stainless steel appliances, vinyl flooring, bathroom and kitchen backsplashes, white shaker cabinets, granite countertops, and updated bathroom vanities
- Defendable rentable upside available in the amount of $346 per unit over the next two years through continued unit renovations
- There is up to $37,200 in additional annual rental income that can be secured by the buyer by converting the office and storage units back into rentable apartments
- Courtyard Villas is centrally located giving tenants quick access to major employment, entertainment, and medical facilities
- Over a quarter million jobs within a five mile radius of the property, including Orlando's premier upscale shopping destination, The Mall at Millenia, Universal Orlando Resort, as well as Universal's new $1 billion theme park "Epic Universe" that is scheduled to bring in 14,000 jobs to area as well as thousands of local construction and vendor opportunities – Orlando Business Journal
- Courtyard Villas is situated less than one mile from I-4 which sees 164,000 VPD and gives tenants convenient access to Downtown Orlando
Exclusively Listed By
Financing By
Listing Price: $13,000,000
Cap Rate
5.85%
Number of Units
80
Price/Unit
$162,500
Price/Gross SF
$298.17
Gross SF
43,600
Investment Highlights
- An 80-unit, garden style apartment community located in Orlando
- Seller has spent over $550,000 in capital improvements since 2021, including renovating 56% of the units
- Unit renovations include stainless steel appliances, vinyl flooring, bathroom and kitchen backsplashes, white shaker cabinets, granite countertops, and updated bathroom vanities
- Defendable rentable upside available in the amount of $346 per unit over the next two years through continued unit renovations
- There is up to $37,200 in additional annual rental income that can be secured by the buyer by converting the office and storage units back into rentable apartments
- Courtyard Villas is centrally located giving tenants quick access to major employment, entertainment, and medical facilities
- Over a quarter million jobs within a five mile radius of the property, including Orlando's premier upscale shopping destination, The Mall at Millenia, Universal Orlando Resort, as well as Universal's new $1 billion theme park "Epic Universe" that is scheduled to bring in 14,000 jobs to area as well as thousands of local construction and vendor opportunities – Orlando Business Journal
- Courtyard Villas is situated less than one mile from I-4 which sees 164,000 VPD and gives tenants convenient access to Downtown Orlando
Investment Overview
An 80-unit, garden style apartment community located in Orlando
Exclusively Listed By
Financing By
