For Sale
$2,500,000
11600 Mendel Dr Orlando, FL 32826
14-Unit Apartment Building, Student Housing Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Class B multifamily property in Orlando, FL, offering a compelling investment opportunity.
- 14-unit, two-story building located at 11600 Mendel Dr, 32826, in a student housing area.
- Unit mix: 12 one-bedroom/one-bathroom (550 sq ft) and 2 two-bedroom/one-bathroom (950 sq ft) units.
- Sits on a 35,383 sq ft lot, zoned R3, with a recently replaced roof and repaved exterior.
- Asking price: $2,500,000 ($178,571.43 per unit), 4.36% cap rate based on a $109,006 NOI, and 78% occupancy.
Property Details for 11600 Mendel Dr
- Property type
- Dormitories, Student housing
- Square Feet
- 550 SF
- Class
- B
- Year Built
- 197
- Buildings
- 1
- Stories
- 2
- Units
- 14
Location Insight
- City
- Orlando
- County
- Orange
- State
- Florida
- Latitude
- 28.5914967
- Longitude
- -81.2111773
Nearby Similar for Sale
FAQs
- What type of property is this?
- Dormitory - 14-Unit Apartment Building, Student Housing Opportunity
- Where is the dormitory located?
- The property is located at 11600 Mendel Dr Orlando, FL.
- What is the asking price?
- The asking price for this property is $2,500,000.
- What are key features of this property?
- This property features: Class B multifamily property in Orlando, FL, offering a compelling investment opportunity.; 14-unit, two-story building located at 11600 Mendel Dr, 32826, in a student housing area.; Unit mix: 12 one-bedroom/one-bathroom (550 sq ft) and 2 two-bedroom/one-bathroom (950 sq ft) units.
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