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
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 215F1AE6-0166-47E7-83BE-F1F11FCF113F
Building Size 9513
Site Size (acres)
Zoning R-3B/SP
Year Built 1959
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated 1985
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.532422
Longitude -81.416921
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider OUC
Gas On Site no
Gas Provider
Water On Site no
Water Provider OUC
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider