Royal Summit
Closed3000 Rio Grande Ave, Orlando, FL 32805
Property type
Multifamily
Unit / Space count
188
Price
$6,627,000
Building size
219,747 sf
Rentable area
219,747 SF
Year built
1973
Year renovated
Occupancy
Zoning code
Lot size
8.81 Acres
Sold/status
Sold · Date unknown
Sale price
$6627000
Bedroom count
Property description
85% of the Units Are 2/1.5's and 3/2's With An Overall Average Unit Size of 1135 Square Feet Conveniently Located Between Downtown Orlando and the Theme Parks, The Two Major Employment Centers of Orlando Immediate East and Westbound I-4 Access Within a Mile of the Property Current Rents are Below Market, Creating an Opportunity for Immediate Added Value Highly Desirable Concrete Block Construction with Pitched Roofs Expiring HUD Contract in 22 Units Offered Free and Clear of Any Debt, Allowing the New Buyer to Take Advantage of Attractive Debt Market