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Multifamily

Ivy Lane Apartments

151 Ivy Ln, Kissimmee, FL 34743

Listing Price: $1,660,000

Cap Rate
6.49%
Number of Units
12
Occupancy
92.0%
Price/Unit
$138,333
Price/Gross SF
$127.14
Gross SF
13,056

Investment Overview

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire The Ivy Lane Apartments. Ivy Lane Apartments is located in Kissimmee, FL and is made up of three buildings for a total of 12 units. Each unit is a two-bedroom/two-and-a-half-bathroom, two story, townhome with a total of 1,088 Sq. Ft. Due to the long-term ownership and management, Ivy Lane Apartments is primed for a new owner to complete a value-add interior renovation plan to unlock an additional $100+ rental premium.

Investment Highlights

  • Ability to Increase Rents to $1,250+ after Implementing an Interior Renovation Plan which is a 52% Two Year Return on Invested Capital
  • Highly Desirable Unit Mix of 100% Two-Bedroom/Two-and-a-Half-Bathroom Units with 1,088 Rentable Sq. Ft. Each
  • Offered Free and Clear of all Existing Debt, Allowing an Investor to Place New Debt at Market Rate and Terms

Exclusively Listed By

Listing Price: $1,660,000

Cap Rate
6.49%
Number of Units
12
Occupancy
92.0%
Price/Unit
$138,333
Price/Gross SF
$127.14
Gross SF
13,056

Investment Highlights

  • Ability to Increase Rents to $1,250+ after Implementing an Interior Renovation Plan which is a 52% Two Year Return on Invested Capital
  • Highly Desirable Unit Mix of 100% Two-Bedroom/Two-and-a-Half-Bathroom Units with 1,088 Rentable Sq. Ft. Each
  • Offered Free and Clear of all Existing Debt, Allowing an Investor to Place New Debt at Market Rate and Terms

Investment Overview

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire The Ivy Lane Apartments. Ivy Lane Apartments is located in Kissimmee, FL and is made up of three buildings for a total of 12 units. Each unit is a two-bedroom/two-and-a-half-bathroom, two story, townhome with a total of 1,088 Sq. Ft. Due to the long-term ownership and management, Ivy Lane Apartments is primed for a new owner to complete a value-add interior renovation plan to unlock an additional $100+ rental premium.

Exclusively Listed By

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