Tuscany Bay
Closed5870 Sundown Cir, Orlando, FL 32822
Property type
Multifamily
Unit / Space count
396
Price
$36,650,000
Building size
100,000 sf
Rentable area
100,000 SF
Year built
1984
Year renovated
Occupancy
Zoning code
Lot size
34.96 Acres
Sold/status
Sold · Date unknown
Sale price
$36650000
Bedroom count
Property description
Tuscany Bay is a 396-unit multifamily community located in Orlando, Florida. The property was built in 1984 and the unit mix consists of 248-1 Bed 1 Bath, 24-2 Bed 1 Bath, and 124-2 Bed 2 Bath apartments with a weighted average size of 860 square feet. The 23 buildings are situated on 34.96 acres of land, and include amenities such as two sparkling pools, a spa and sauna, a fitness center, and two indoor racquetball courts. The property has strong visibility on Semoran Boulevard, a major North-South thoroughfare leading directly into the airport. Tuscany Bay is an excellent opportunity to implement a value add program allowing the new buyer to realize significant NOI growth and capital appreciation.