8660 Irlo Bronson Memorial Hwy Kissimmee, FL 34747

This 352-unit apartment complex in Kissimmee, Florida, presents a compelling investment opportunity. The property, encompassing 212,935 square feet across 11 buildings on a 20.27-acre lot, underwent renovations in 2020. Boasting 466 parking spaces, including ADA-accessible spots, the complex features amenities such as three swimming pools and a jacuzzi. The unit mix includes 96 one-bedroom/one-bathroom units (approximately 720 square feet each) and 256 studio units (approximately 360 square feet each). Its convenient location near Disney World, other attractions, major highways (I-4 and the Florida Turnpike), and Orlando International Airport ensures strong occupancy. The property benefits from its location in a strong Metropolitan Statistical Area (MSA) with above-average employment and below-average unemployment. The Commercial Tourist (CT) zoning allows for up to 80 units per acre, presenting potential redevelopment opportunities. Existing features include a fire sprinkler system and smoke alarms. This distressed sale offers a unique chance to acquire a well-established multifamily property with a strong rental base and professional management. The property is currently operating as a converted hotel to multifamily.