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- LoopNet Team
1880 Destiny Blvd
Kissimmee, FL 34741
Bulk of 5 within Legacy Parc 9% Cap · Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
PRP is pleased to present an offering of 5 units within Legacy Parc. Built in 1990, this 320-unit community was purchased for condo conversion in 2005, and has been extensively rehabbed over the last few years. Some of the units have been upgraded with features new black kitchen appliances, upgraded light fixtures, and faux granite counter tops. These 5 units are currently 100% leased, and are available for a bulk purchase with an in place cap of 9%. Legacy Parc is located in one of Orlando’s fastest growing submarkets (Kissimmee), which county is to double in population by 2040! Forbes recently featured the Sanford/Orlando/Kissimmee region as No. 2 for growth rate nationwide. On April 2017- According to Forbes, Osceola County added 4.57% more jobs last year, and are projected to add 3.54 percent more this year. Wages will continue to climb as well, having added 6.08 percent to workers’ paychecks this year, and are projected to increase another 8.22 percent this year.Just 15 minutes from Orlando’s largest single employer, Walt Disney World (60,000+ employees), the property is also only 1 miles from shopping, dining, and entertainment at The Loop. Legacy Parc’s convenient and desirable location and promiximty to the Loop which features a Regal Cinema movie theater, numerous shopping venues such as Pier 1, Old Navy, and Kohl’s, and dining options including Panera, and Macaroni Grill. The median rent price in Hunters Creek is $1,802, which is higher than the Orlando median of $1,450 allowing an investor to substantial cash flow as this corridor continues grow. These (5) 1BD/1BA Sycamore & Cypress Floor plan features living dining kitchen combo, bedroom with walkin closet, w/private access to the screened in patio & storage area. Gated community offers community pool, playground, soccer, volleyball, tennis courts, & 24 hour fitness center and the property sits on a lake. Uniqure opportunity to own so close to Disney World and make this a excellent VRBO.
PROPERTY FACTS
| No. Units | 5 | Building Size | 3,615 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1989/2005 |
| Building Class | B | APN / Parcel ID | 09-25-29-00U0-0280-0000 |
| Lot Size | 27.06 AC | ||
| Zoning | RC-1 - Resource Conservation or Rural Conservation | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 27.06 AC |
| Building Size | 3,615 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2005 |
| APN / Parcel ID | 09-25-29-00U0-0280-0000 |
| Zoning | RC-1 - Resource Conservation or Rural Conservation |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Wi-Fi
SITE AMENITIES
- Fitness Center
- Playground
- Property Manager on Site
- Spa
- Tennis Court
- Gated
- Car Wash Area
- Volleyball Court
- Walking/Biking Trails
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $850.00 | 615 |
| 1+1 | 4 | $900.00 | 750 |
