262 Royal Palm DrKissimmee, FL 34743

Property Details for 262 Royal Palm Dr

Year built

2024

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a brand-new, six-unit apartment building located at 262 Royal Palm Dr, Kissimmee, Florida, 34743. Completed in 2024, this two-story building boasts a total of six, nearly 1,000 square foot, three-bedroom, two-bathroom apartments. Each unit features modern finishes including new stainless steel appliances, granite countertops, new cabinets, vinyl laminate flooring, and fresh paint. The building itself is equally impressive, showcasing a new roof, new interior doors, updated plumbing and electrical systems, new stucco exterior, new water heaters, new AC units, new light fixtures, and new baseboards. Situated on a spacious 19,733 square foot lot, this property is zoned OPUD and is not located in a flood zone, nor subject to HOA fees. The strong financial performance is highlighted by a 6.43% cap rate and a net operating income (NOI) of $180,000, resulting in an attractive price per unit of $466,666.50. The asking price for this turnkey investment is $2,799,999. Its convenient location near schools, shopping centers, major roads, attractions, the Florida Turnpike, 417 Expressway, and Orlando International Airport (MCO) ensures high occupancy rates and strong rental demand. This is a rare opportunity to acquire a new, high-performing multifamily property in a thriving market. Don't miss out on this exceptional investment opportunity.

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Latitude

28.3259

Longitude

-81.3458

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