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408 N Westmoreland Dr
Orlando, FL 32805
Westmoreland Terrace · Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 6,964 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | B | ||
| Zoning | R-2B - R-2B RESIDENTIAL DISTRICTS | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 6,964 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R-2B - R-2B RESIDENTIAL DISTRICTS |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
About 408 N WESTMORELAND DR , ORLANDO, FL 32805
Marcus and Millichap is pleased to present Westmoreland Terrace Apartments, a rare value-add investment opportunity in the heart of Orlando, FL. This 12-unit building, originally built in 1957, underwent major renovations in 2005 including a new pitched roof, exterior stucco, and interior plumbing and electrical upgrades. Comprised of one and two-bedroom apartments, the property maintains consistent high occupancy with current rents well under-market. Westmoreland Terrace is located steps away from major urban development Creative Village, an innovative 68-acre mixed-use urban development offering new housing, educational and job opportunities.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $500.00 | 475 |
| 2+1 | 8 | $600.00 | 633 |
Property Taxes
| Parcel Number | 27-2229-5740-00-130 | Improvements Assessment | $437,900 |
| Land Assessment | $120,189 | Total Assessment | $558,089 |
Property Taxes
Parcel Number
27-2229-5740-00-130
Land Assessment
$120,189
Improvements Assessment
$437,900
Total Assessment
$558,089
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