This property is Off-Market

1701 Mabbette Street
Kissimmee, FL 34741 ·

192 Units · Multifamily For Sale

N/A

Print

Outrigger Village Apartments

Price N/A Property Use Type Investment
No. Units 192 Commission Split 3%
Building Size 185,048 SF Cap Rate 7.94%
Property Type Multifamily Lot Size 11.96 AC
Property Sub-type Garden/Low-Rise APN / Parcel ID R212529-142000010690
Listing ID: 17971289 Date Created: 01/09/2013 Last Updated: 07/30/2014

Description

192 unit Village Apartment Community built in 1975, Outrigger Village was renovated in 1992 under Florida Housing Tax Credit Program rehabilitation program. Under a 15/15 program, the tax credit allocation have expired and the property continuous to operate under an extended use agreement. 80% of the units are reserved for residents who make 60% of the median income. Quality of construction is readily apparent in its concrete block construction, well maintained newer roofs, poured concrete between floors and concrete dividing walls between units. Spacious 1 and 2 bedroom apartment homes offer huge eat in kitchens, private screened patio/porches, and ample storage and closet space.

With its combination of an excellent infill location, quality of construction and substantial potential for upside, we feel Outrigger Village provides the investor an outstanding value at under $46,355.00 per unit.

192 unit Village Apartment Community located in Kissimmee Florida.

Kissimmee Gateway Airport
Osceola Square Mall
Florida Turnpike
Intestate $ (I-4)
Walt Disney World
Mall at Millenia
Universal Studios Florida
Downtown Orlando
Orlando Int. Airport
University of Central Florida
Kennedy Space Center

Research

1701 Mabbette Street, Kissimmee, FL 34741 (Osceola County)

Kissimmee Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

  • 5299 Images Circle
    5299 Images Circle

    Kissimmee, FL 34746

    For Sale · $17,750,000

    223,544 SF Building

    Garden/Low-Rise

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)