Multifamily
Oviedo Oaks Villas
1080 - 1126 Laurel Oaks Ct, Oviedo, FL 32765
Listing Price: $7,900,000
Investment Overview
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.
Oviedo Oaks Villas
Investment 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 Square Feet
- 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
- Ability to Implement a Strategic Renovation Plan with the Potential to Yield a ROI of Over 38% (See Pg. 12 for More Details)
Listing Price: $7,900,000
Investment 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 Square Feet
- 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
- Ability to Implement a Strategic Renovation Plan with the Potential to Yield a ROI of Over 38% (See Pg. 12 for More Details)
Investment Overview
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.
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