Palm Springs Gardens Apartments
3121 Orange Center Blvd,
Orlando,
Florida 32805
100Units. om presents Palm Springs Gardens Apartments which is a 31 unit complex located in Orlando, Florida. The subject property consists of two one-story, concrete block construction buildings, built in 1959 with renovations in 2018. This asset is on 1. 9 acres. The unit mix is 30 two-bedroom/one-bath units of 634 square feet and 1 studio. Each two bedroom unit is separately metered for electricity paid by the tenant and water, sewer and trash paid by the landlord. The units feature granite countertops, central HVAC systems, tile flooring throughout, semi-private front and back yards, and concrete walls between each unit for sound reduction. 2016-2018 the property was renovated including new roofs, new plumbing, new paint and security camera system. New light poles have been installed by OUC. The subject property is located six minutes away from Downtown Orlando, 15 minutes from Universal Studios, 20 minutes from both International Drive and the Orlando International Airport, and 30 minutes from Walt Disney World Resorts. Value Add Opportunity. Year 1 Cap Rate 10. %. Year 1 Income $330,600. Concrete Block Construction. Two Bedroom, One Bath Units. Tile Flooring Throughout. Located on Lynx Public Bus Route. Easy Access to State Road 408. On-Site Office. New Light Poles by OUC. Camera System for Added Security. All Granite Countertops. New Plumbing Systems. Freshly Painted.
Contact
Broker or Owner Contact
Joe
LaFleur
100 Units
617 E Colonial Dr
Orlando,
Florida
32803
Phone: 1-4075041728
joe@100units.com
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
Property ID |
215F1AE6-0166-47E7-83BE-F1F11FCF113F |
Building Size |
9513 |
Site Size (acres) |
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Zoning |
R-3B/SP |
Year Built |
1959 |
Number of Drive-In Doors |
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Number of Dock-In Doors |
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Clearance Height |
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Drive-in Doors |
no |
Sprinklered |
no |
Parking Ratio |
0 |
Updated |
1985 |
Number of Parking Spaces |
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Parking |
no |
HVAC |
|
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Pricing
For Sale |
yes |
Sale Price |
0 |
For Lease |
no |
Lease Type |
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Lease Cost |
0 |
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Geographic and Infrastructure
Latitude |
28.532422 |
Longitude |
-81.416921 |
County |
Orange County |
Rail Access |
no |
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Utilities
Service to Property |
no |
Electric Provider |
OUC |
Gas On Site |
no |
Gas Provider |
|
Water On Site |
no |
Water Provider |
OUC |
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Fiber Optics |
no |
Telecom on Site |
no |
Sewer On Site |
no |
Sewer provider |
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Unused Data Points
status |
on-market |
businesspark |
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buildingtypes |
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contiguous |
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saleprice |
USD 2,250,000.00 |
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