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421 E. Kennedy Blvd 427 E Kennedy Blvd 29 Unit Apartment Building $2,875,000 ($99,138/Unit) 6.25% Cap Rate Maitland, FL 32751
Investment Highlights
- Centrally located in a developing town
Executive Summary
Prime mixed-use commercial property. Perfectly situated between the vibrant cities of Maitland and Winter Park, offers both visibility and versatility. This 29-unit multifamily building has incredible potential for future development, expansion, or mixed-use revitalization. Property has a new roof installed 2024. Whether you’re an investor or developer, this is a rare opportunity to be part of a growing community and active revitalization efforts. The adjacent commercial building 429 E. Kennedy Blvd and corner lot, 34 N West St. are also available for purchase.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $99,138 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 6.25% | Building Size | 13,577 SF |
| Sale Condition | Deferred Maintenance | No. Stories | 1 |
| No. Units | 29 | Year Built/Renovated | 1967/2024 |
| Property Type | Multifamily | Parking Ratio | 2.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C-3 - Regional Commercial | ||
| Price | $2,875,000 |
| Price Per Unit | $99,138 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Condition | Deferred Maintenance |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 13,577 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2024 |
| Parking Ratio | 2.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-3 - Regional Commercial |
Amenities
Unit Amenities
- Air Conditioning
- High Speed Internet Access
- Yard
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 29 | $1,125 | - |
Property Taxes
| Parcel Number | 35-2129-0000-00-154 | Total Assessment | $752,720 |
| Land Assessment | $456,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $295,970 | Tax Year | 2025 |
Property Taxes
Parcel Number
35-2129-0000-00-154
Land Assessment
$456,750
Improvements Assessment
$295,970
Total Assessment
$752,720
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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421 E. Kennedy Blvd | 427 E Kennedy Blvd
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