The Park at Vittoria
Closed5224 Long Rd, Orlando, FL 32808
Property type
Multifamily
Unit / Space count
208
Price
$26,500,000
Building size
309,830 sf
Rentable area
309,830 SF
Year built
1991
Year renovated
Occupancy
Zoning code
Lot size
16.37 Acres
Sold/status
Sold · Date unknown
Sale price
$26500000
Bedroom count
Property description
The Park at Vittoria is located in the West Orlando sub-market of Orlando, Florida. The 1991 vintage built property is spread across 16.37 acres with a total of 33 buildings and 208 units. The highly desired and spacious unit mix consists of 72 two-Bedroom one and a half-Bathroom units at 1175 square feet, 88 three-Bedroom two-Bathroom units at 1260 square feet, 32 three-Bedroom two-Bathroom at 1428 square feet and 16 large four-Bedroom two and a half Bathroom units at 1677 square feet. Investors have the opportunity to acquire a well-maintained property with value-add opportunity through amenity upgrades and selective interior opportunities. Upside lays in light interior and exterior renovation programs such as 6 door panels, vinyl flooring throughout first floor units, adding a dog park, renovating the playground, extending the pool area to include an outdoor kitchen, and potentially adding a lake with a fountain to the center of the property.
Property highlights
- Value-add Opportunity Through Amenity Upgrades and Selective Interior Opportunities
- Well Maintained Property With Steady Occupancy and Organic Rent Growth
- Great Unit Mix With No 1 Bedroom Units and 1293 Avg SF
- Within Close Proximity to Downtown Orlando and Various Job Centers
- 100% of Unit Interiors Have Been Upgraded by Current Owner
- Property Would be an Excellent Candidate For The Fannie/Freddie Green Program