Castilian
Closed4700 Rio Grande Ave, Orlando, FL 32839
Property type
Multifamily
Unit / Space count
304
Price
$51,200,000
Building size
286,930 sf
Rentable area
286,930 SF
Year built
1975
Year renovated
Occupancy
Zoning code
Lot size
14.79 Acres
Sold/status
Sold · Date unknown
Sale price
$51200000
Bedroom count
Property description
Castilian is a 304 unit multifamily community located 5.2 miles from Downtown Orlando, in Orange County. The property is comprised of 18 two-story buildings that were built in 1975 and renovated in 2018. Each building features wood frame construction with pitched shingle roofs. The property features a strong unit mix that includes 112; 1 Bed 1 Bath units (547 SF), 80; 1 Bed 1 Bath units (740 SF), 48; 2 Bed 2 Bath units (997 SF), 40; 2 Bed 2 Bath units (1,048 SF), and 24; 3 Bed 2 Bath units (1,293 SF). Residents enjoy spacious upgraded interiors with stainless steel appliances, white cabinetry, walk in closets, granite-like countertops, modern lighting & finishes and vinyl wood flooring. Select units feature a full size washer and dryer, a private screened in porch and a private home entrance. The community features a sparkling swimming pool, a full service fitness center, on site laundry facilities, clubhouse with fireplace, picnic and seating areas, an outdoor community playground and on site management and maintenance staff. Castilian is located near several major employers and points of interest including Universal Studios (5.6 Mi), Orlando Health (3.7 Mi), The Mall at Millenia (2.4 Mi), Sea World Orlando (10 Mi), The Florida Mall (4.1 Mi), Camping World Stadium (3.2 Mi), and Walt Disney World (14.1 Mi). Many retailers are situated nearby including Target (2.7 Mi), Publix (1.4 Mi), Starbucks (2.6 Mi), Wawa (2.1 Mi), The Home Depot (3.1 Mi), Walmart Supercenter (1.9 Mi) and IKEA (2.5 Mi).
Property highlights
- Closed Above Whisper Pricing
- Closed at Contract Price within Contract Timeframes
- Buyer Secured New Financing and is Planning a Value-Add Business Plan