Tuskawilla Park
Closed1401 Blumberg Blvd, Winter Springs, FL 32708
Property type
Multifamily
Unit / Space count
45
Price
$11,000,000
Building size
49,780 sf
Rentable area
49,780 SF
Year built
2009
Year renovated
Occupancy
Zoning code
Lot size
1.57 Acres
Sold/status
Sold · Date unknown
Sale price
$11000000
Bedroom count
Property description
Tuskawilla Park Apartments is a mixed-use property located at the corner of Winter Springs Town Center in Winter Springs, FL. The property includes 45 total units comprised of 41 multifamily units and 4 commercial units. The property was constructed in 2009 and is comprised of two, 3 & 4 story buildings. The community features a diverse unit mix which includes 1, 2, & 3 bedroom units with spacious floor plans. Tuskawilla Park Apartments covers 1.57 acres and the 2 buildings make up 49,780 total square feet. Residents are within steps of dozens of retailers in Winter Springs Town Center; a 118,000 square foot retail plaza. Nearby retailers include: Publix Supermarket, Starbucks, Care Now Urgent Care, Tijuana Flats, and Quest Diagnostics. Tuskawilla Park Apartments are also located 0.5 miles from Winter Springs High School, a top-rated education facility. In addition to convenient retailers, residents at Tuskawilla Park Apartments enjoy a variety of amenities. Community amenities include a full service fitness center, secured, gated access parking areas, a pet park, digital key fob building access, elevator access, and paved walking areas with gardens, fountains, and lush landscaping. Unit upgrades include granite counters, stainless steel appliances, gas ranges, 9 & 12 foot ceilings, full size washers & dryers, modern lighting, security systems, tiled floors, and balconies. An investor could look to add additional value to the community through a light renovation strategy. Unit upgrades could include adding tiled backsplashes, smart door locks, smart thermostats and USB outlets. The current leasing office also offers the space and opportunity to construct an additional amenity area such as a business center, resident clubhouse, media room, or an outdoor barbecue area. Tuskawilla Park Apartments offers an investor the opportunity to acquire a well maintained asset with historically strong occupancy and within walking distance to national retailers. The property has proven value-add potential with the ability to upgrade unit interiors and community amenities to create the ideal multifamily investment in the current and future market.
Property highlights
- 41 Multifamily Units & 4 Commercial Spaces Included with the Sale
- 2009 Condo Quality Construction with High Ceilings and Quality Floorplans
- Located at the Corner of Winter Springs Town Center; a 118,000 Square Foot, Mixed-Use Town Center Anchored by Publix
- Proven Rent Upside and Value-Add Opportunity on Both Interior and Exterior Amenities
- Modern & Upgraded Community with Many Amenities Including a Full Service Fitness Center, Gated Access Parking, Granite Counters, Pet Park, 9 & 12 Foot Ceilings, Stainless Steel Appliances, Tile Floors, Full Size Washers & Dryers, and Security Systems
- Within Walking Distance to Publix Supermarket, Starbucks, Care Now Urgent Care, Winter Springs High School, & Dozens of Retailers within Winter Springs Town Center
- Surrounded by Top Education & Employers Including the University of Central Florida (Over 69,000 Annual Students), Seminole State College, Advent Health Altamonte Springs (Over 2,000 Employees), Oviedo Medical Center, & Orlando- Sanford International Airport