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

Building

Pricing

Geographic and Infrastructure

Utilities