Heritage Estates (Orlando, FL)

11702 Heritage Estates Ave, Orlando, FL 32825

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present the opportunity to acquire Heritage Estates (The Property), a 230-unit community built in 2003 off Alafaya Trail in East Orlando. The entrance to SR-408 is just a mile north, delivering direct connectivity to Orlandos major economic drivers including the University of Central Florida, Central Florida Research Park, and Downtown Orlandos Central Business Districtcollectively employing over 110,000 professionals. Heritage Estates further benefits from its 5-minute proximity to Waterford Lakes Town Center, Floridas most-visited lifestyle destination spanning over 700,000 square feet of retail, dining, and entertainment options that attract 14.3+ million visitors annually. The Property presents a compelling value-add opportunity with nearly 60% of units positioned for a renovation featuring quartz countertops, undermount sinks, updated cabinet fronts, new lighting fixtures, smart thermostats, and LVT flooring in select units. Significant upside potential exists within the underutilized clubhouse amenities, where unused spaces can be transformed into additional amenities including co-working areas and enhanced social lounges that will elevate resident experience. Most notably, Heritage Estates offers a rare fractured condo investment opportunity with 85% ownership already achieved, providing new investors the ability to dissolve the existing COA and convert to traditional multifamily operations. This strategic repositioning unlocks enhanced operational control, and streamlined management while eliminating condo association constraints.

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