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Venue Townhomes 54 Jersey St

5 Unit Apartment Building $3,800,000 ($760,000/Unit) 4.03% Cap Rate Orlando, FL 32806

Investment Highlights

  • New Construction Luxury Finishes
  • Low HOA
  • Prime neighborhood location & close proximity to retail
  • Close to I4 access and ORMC

Executive Summary

Welcome to Venue Townhomes at SoDo - Phase III Luxury Townhomes
Discover luxury urban living at Venue Townhomes at SoDo, in the heart of Orlando's vibrant SoDo market. These upscale townhomes are ideally situated near the Orlando Health HQ and the bustling medical corridor of Orlando. Each townhome in Phase III offers 5 units from around 2,100-2300 square feet of living space per unit with 10-foot ceilings.
Key Features
Open Staircase: Ultra-modern metal railings.
Chef's Kitchen: Expansive center island and high-end appliances.
Master Suites: Luxurious bathrooms with premium fixtures.
Prime Location
Venue Townhomes at SoDo provide walkability to high-end shopping centers, restaurants, cafes, and fitness centers. It’s just minutes from the ORMC medical campus, Downtown Orlando, and Lake Eola Park.
Investment Opportunity
These newly constructed, move-in-ready units present an excellent investment opportunity. One unit in the community rents for $3,800/month, with newer units and end units expected to rent for over $4,000/month.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,800,000
Price Per Unit $760,000
Sale Type Investment
Cap Rate 4.03%
Sale Conditions Bulk/Portfolio Sale
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.46 AC
Building Size 13,398 SF
Average Occupancy 0%
No. Stories 3
Year Built 2024
Parking Ratio 0.15/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Dining Room
  • Double Pane Windows
  • Island Kitchen

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+3.5 5 - -
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-2329-8870-00-070
  • 02-2329-8870-00-100
  • 02-2329-8870-00-120
  • 02-2329-8870-00-080
  • 02-2329-8870-00-090
  • 02-2329-8870-00-050
  • 02-2329-8870-00-060
  • 02-2329-8870-00-110
  • 02-2329-8870-00-040
Land Assessment
$981,000 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$981,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code AC-2/T/SP (Activity Center)
AC-2/T/SP (Activity Center)
  • Listing ID: 32615951

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 54 Jersey St, Orlando, FL 32806

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