262 Royal Palm DrKissimmee, FL 34743

Property Details for 262 Royal Palm Dr

Year built

2024

Property type

Apartment buildings

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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