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Lago Vista Apartments 180 Royal Palm Dr 40 Unit Apartment Building For Sale Kissimmee, FL 34743
Investment Highlights
- 1980s vintage construction with 8 of 9 buildings built in 1982
- Ownership has completed renovations on 28 of 40 units
- 100% oversized 2BR/ 2BA Floorplans
Executive Summary
SP Multifamily Group is pleased to present Lago Vista, a 40-unit garden-style multifamily community comprised exclusively of oversized two-bedroom/two-bathroom residences averaging 1,088 square feet. Constructed primarily in 1982, the property features true bed/bath parity, private screened patios, and a full amenity package including a swimming pool, playground, dog park, shuffleboard court, leasing office, and expansive green space, while the exterior and landscaping present exceptionally well for the asset’s vintage.
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 4.14 AC |
| No. Units | 40 | Building Size | 66,685 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Garden | Parking Ratio | 1.42/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.14 AC |
| Building Size | 66,685 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.42/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Grill
- Pet Play Area
- Walking/Biking Trails
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 40 | - | 1,088 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100
Contacts
-
Benjamin Skinner -
Matthew Prozzillo -
SP Multifamily Group of Marcus & Millichap
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Lago Vista Apartments | 180 Royal Palm Dr
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