Misty Oaks
Closed744 Spring West Rd # 106, Orlando, FL 32818
Property type
Multifamily
Unit / Space count
251
Price
$14,056,000
Building size
170,019 sf
Rentable area
170,019 SF
Year built
1984
Year renovated
Occupancy
Zoning code
Lot size
20.32 Acres
Sold/status
Sold · Date unknown
Sale price
$14056000
Bedroom count
Property description
Misty Oaks is a 251 unit apartment complex located in Orlando, Florida. The property consists of 27 buildings, 21 of which are residential. The residential buildings are all 2 stories, and were constructed in 1984. The concrete block buildings all have exterior stucco walls and pitched roofs. The roofs are covered in barrel tile shingles. The unit mix at Misty Oaks consists of 250, 1Bdr 1Bath apartments at 501 square feet and 1, 2Bdr 2Bath 1002 square feet apartment. There are 87 standard, 34 partially renovated, and 129 fully renovated 1Bdr apartments. The property has ample parking for tenants, with 1.5 parking spaces per tenant.
Property highlights
- • Current Owners Have Invested Over $650,000 in Interior Renovations Alone, Including
- Granite Countertops, Modern Cabinets, and Stainless Steel Appliances in Fully Renovated Units. Partially Renovated Units Contain Stainless Steel Appliances and Raised Bar Height Counters
- • 51% of the 1Bdr Apartment Homes Have Been Fully Renovated and 13% Have Been Partially
- Renovated, Leaving Significant Upside Potential Available Through the Completion of the
- Capital Project
- • Upside Potential By Upgrading All Units To Achieve Max Possible Rent
- • Excellent Proximity to Major Employers in the Area Including Downtown Orlando
- • Located Just Minutes off East-West Expressway Providing Easy Access to Orlando, Tampa, and the Beaches on the East and West Coast of Florida
- • Pool, Fitness Center, and Tennis Courts Highlight Properties Attractive Amenity Package
- • Highly Desirable, 1980’s Concrete Block Construction with Pitched Roofs