IVY LANE APARTMENTS

 
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SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire The Ivy Lane Apartments. Ivy Lane Apartments is located in Kissimmee, FL and is made up of three buildings for a total of 12 units. Each unit is a two-bedroom/two-and-a-half-bathroom, two story, townhome with a total of 1,088 Sq. Ft. Due to the long-term ownership and management, Ivy Lane Apartments is primed for a new owner to complete a value-add interior renovation plan to unlock an additional $100+ rental premium. Ivy Lane Apartments is located within 8-minutes of the $800M NeoCity Master Plan Development anchored by LG Electronics and the $780M Lake Nona Town Center, which is adding an additional 278,917 Sq. Ft. of office space along with 80+ bars and restaurants.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

12
UNITS

13,056
SQFT

1985
YEAR BUILT

$1,660,000
LIST PRICE

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VITAL PROPERTY DATA

  • PROPERTY ADDRESS: 151, 155, & 157 Ivy Lane

  • CITY & STATE: Kissimmee, FL

  • NUMBER OF UNITS: 12 Units

  • RENTABLE SQUARE FOOT: 13,056 SF

  • AVERAGE UNIT SIZE: 1,088 SF

  • NUMBER OF BUILDINGS: (3) Residential

  • LOT SIZE: 0.85 Acres +/-

  • FINANCING: Free and Clear

BUSINESS BUYER PLAN

  • Highly Desirable Unit Mix of 100% Two-Bedroom/Two-and-a-Half-Bathroom Units with 1,088 Rentable Sq. Ft. Each

  • Ability to Increase Rents to $1,250+ after Implementing an Interior Renovation Plan which is a 52% Two Year Return on Invested Capital

  • Tenants Pay Water, Sewer, Trash, Electric, Cable/Internet. Landlord Pays Pest Control and Common Area Utilities

  • Offered Free and Clear of all Existing Debt, Allowing an Investor to Place New Debt at Market Rate and Terms

  • Kissimmee Ranked as #2 Growth City by U-Haul for 2019 & 2020

LOCATIONAL POINTS OF INTEREST

  • 2-Minutes to Publix Supermarket and Boggy Creek Marketplace

  • 4-Minutes to Osceola Parkway Restaurants and Retail

  • 6-Minutes to Florida’s Turnpike (Superior North/South Thoroughfare)

  • 11-Minutes to Orlando International Airport

  • 12-Minutes to Lake Nona Area (Avg. $101,785 HH Income) & the $780 Million Lake Nona Town Center

  • 23-Minutes to Universal Studios

  • 25-Minutes to Walt Disney World’s Various Parks

  • 26-Minutes to SeaWorld Orlando

  • 26-Minutes to Downtown Orlando (82,924 Jobs)

  • 30-Minutes to Disney Springs

Kissimmee: A Growing City

  • #2 Growth City in the Country in 2019 & 2020 (U-Haul)

  • 3.9% Job Growth Since January of 2020 (BestPlaces)

  • 22.1% 10-Year Population Growth (U.S. Census Bureau)

  • 45.5% Projected 10-Year Job Growth (BestPlaces)

  • $1.58B+ Worth of Master Planned Developments

  • 72,717 Kissimmee Population (U.S. Census Bureau)

DEAL TEAM CONTACTS

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours