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8105 W Colonial Dr

21 Unit Apartment Building $3,600,000 ($171,429/Unit) 5.20% Cap Rate Orlando, FL 32818

Investment Highlights

  • Lake front access.
  • Frontage on Colonial Drive.

Executive Summary

This 5.5-acre waterfront property, spread across three contiguous parcels, offers a strategic development opportunity just minutes from downtown Orlando. Located between the established communities of Winter Garden and Windermere, this site combines proximity to urban amenities with the potential for high-density residential or mixed-use projects.
The property includes 17 existing rental units, providing immediate income while offering potential for redevelopment to maximize returns. With direct access to Lake Sherwood, the site benefits from a desirable lakeside setting that can enhance the appeal of future developments.
The location offers convenient access to major highways, retail centers, and dining, making it well-suited for various development plans. Surrounded by expanding neighborhoods and close to Orlando's economic hub, this property presents a compelling investment opportunity in a growing market.

Property Facts

Price $3,600,000
Price Per Unit $171,429
Sale Type Investment
Cap Rate 5.20%
No. Units 21
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Garden
Building Class C
Lot Size 5.65 AC
Building Size 10,600 SF
No. Stories 2
Year Built 1950
Opportunity Zone Yes

Site Amenities

  • Waterfront

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 15 - -
3+2 6 - -

zoning

Zoning Code A-1 (Low Density Agriculture)
A-1 (Low Density Agriculture)
  • Listing ID: 33548587

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 8105 W Colonial Dr, Orlando, FL 32818

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