5528 Cinderlane Pky | Orlando, FL 32808
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- LoopNet Team
5528 Cinderlane Pky
Orlando, FL 32808
Marbella Park · Multifamily Property For Sale
·
120 Units
Investment Highlights
- Desirable boutique-size 120-unit gated community in the Rosemont submarket of Orlando, FL, built of concrete block construction.
- Over $2.4 million in transformative capital expenditures since acquisition with interior renovations on the majority of units.
- Incredible opportunity to continue additional unit renovations to increase effecte rents by $230/mo. on average.
- Located in northwest Orlando nearby substantial employment, retail and connectivity within 20 minutes to nearby points of interest.
- Attractive unit mix of 33% one-bedroom and 67% two-bedroom floor plans with the largest floor plans in the submarket at an average size of 1,125 SF.
- Available free and clear or subject to accretive assumable Fannie Mae debt at a 3.38% interest-rate with ability to place new supplemental debt.
Property Facts
| No. Units | 120 | Lot Size | 8.30 AC |
| Property Type | Multifamily | Building Size | 135,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | B | ||
| Zoning | R-3B/W - Residential multi family | ||
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.30 AC |
| Building Size | 135,000 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | R-3B/W - Residential multi family |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Patio
- Porch
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Basketball Court
- Gameroom
- Grill
- Renters Insurance Program
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Vision Impaired Accessible
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 40 | - | 935 |
| 2+2 | 80 | - | 1,220 |
Property Taxes
| Parcel Number | 05-2229-7744-00-220 | Improvements Assessment | $14,585,367 |
| Land Assessment | $1,984,500 | Total Assessment | $16,569,867 |
Property Taxes
Parcel Number
05-2229-7744-00-220
Land Assessment
$1,984,500
Improvements Assessment
$14,585,367
Total Assessment
$16,569,867
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