This property is Off-Market
1701 Mabbette Street
Kissimmee, FL 34741 ·
192 Units · Multifamily For Sale
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|
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
Intestate $ (I-4)
Walt Disney World
Mall at Millenia
Universal Studios Florida
Orlando Int. Airport
University of Central Florida
Kennedy Space Center
1701 Mabbette Street, Kissimmee, FL 34741 (Osceola County)
Kissimmee Market Trends - Asking price index trends, sale price trends, asking rent trends
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