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Tremaine Boyd Apartments 109 S Boyd St 22 Unit Apartment Building For Sale 6.25% Cap Rate Winter Garden, FL 34787
INVESTMENT HIGHLIGHTS
- Class-A, Landmark Mixed-Use Asset Located in Historic Downtown Winter Garden
- Award-Winning Property: Orlando Business Journal’s Community Impact Award (2019)
- 100% Occupied Ground-Floor Commercial Units
- Concrete-Block Structure Built in 2019, Featuring 22 Luxury Multifamily Units and Four Ground-Floor Commercial Units
- Unit Amenities Include Wood-Plank-Style Flooring, Granite Countertops, Shaker-Style Cabinetry, 10’+ Ceiling Heights, Energy Efficient Stainless-Steel
- Irreplaceable Location Provides a New Owner With Attractive & Stable Going-In Returns, Along With Future Appreciation as Downtown Winter Garden Expand
EXECUTIVE SUMMARY
PROPERTY SITE (OFFERING MEMORANDUM & FINANCIALS): https://tremaineboyd.sharplaunch.com/
SP Multifamily Group is pleased to present Tremaine | Boyd, an irreplaceable property in historic Downtown Winter Garden, about fifteen minutes west of Downtown Orlando. The property is within walking distance of all Winter Garden amenities, such as Plant Street and the nationally recognized Winter Garden Farmer's Market, which attracts over 3,000 weekly visitors to the front steps of Tremaine Boyd.
Year Built: 2019
Construction Type: Concrete Block
Residential Unit Count: Twenty-Two (22)
Residential Rent Revenue: $530,640
Commercial Unit Count: Four (4)
Commercial Rent Revenue: $326,217
Commercial CAM & Tax Revenue: $92,204
SP Multifamily Group is pleased to present Tremaine | Boyd, an irreplaceable property in historic Downtown Winter Garden, about fifteen minutes west of Downtown Orlando. The property is within walking distance of all Winter Garden amenities, such as Plant Street and the nationally recognized Winter Garden Farmer's Market, which attracts over 3,000 weekly visitors to the front steps of Tremaine Boyd.
Year Built: 2019
Construction Type: Concrete Block
Residential Unit Count: Twenty-Two (22)
Residential Rent Revenue: $530,640
Commercial Unit Count: Four (4)
Commercial Rent Revenue: $326,217
Commercial CAM & Tax Revenue: $92,204
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 6.25% | Building Size | 26,356 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Low-Rise | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.82/1,000 SF |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.61 AC |
| Building Size | 26,356 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2019 |
| Tenancy | Single |
| Parking Ratio | 0.82/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Picnic Area
- On-Site Retail
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $2,341 CAD | 650 - 660 |
| 1+1 | 12 | $2,927 CAD | 806 - 830 |
| 2+2 | 4 | $3,375 CAD | 1,100 - 1,123 |
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 23-2227-2888-08-030 | Improvements Assessment | $9,726,010 CAD |
| Land Assessment | $705,411 CAD | Total Assessment | $10,431,420 CAD |
PROPERTY TAXES
Parcel Number
23-2227-2888-08-030
Land Assessment
$705,411 CAD
Improvements Assessment
$9,726,010 CAD
Total Assessment
$10,431,420 CAD
CONTACTS
-
Benjamin Skinner -
Matthew Prozzillo -
Alex Goodale -
Salim Valiani -
SP Multifamily Group of Marcus & Millichap
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Tremaine Boyd Apartments | 109 S Boyd St
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