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Palm Grove Apartments 1200 W Holden Ave 140 Unit Apartment Building For Sale Orlando, FL 32839
Investment Highlights
- Positioned in the Healthcare Corridor of Orlando & Minutes From Universal Studios
- Strategic Value-Add Execution | Significant Revenue Potential
Executive Summary
Colliers is pleased to present Palm Grove, a 140-unit garden-style community with strategic value-add upside located minutes from large employers near the Central Business District of Orlando, FL. A rare REO asset in good physical condition, Palm Grove offers multiple paths to add value. All 140 units offer a variation of hardwood-style floors, laminate countertops, oak or espresso cabinets, and black appliances Targeted renovations including granite countertops, backsplash, and stainless-steel appliances will generate monthly premiums and help close the current $130/unit rent delta with nearby competitors. Strategic amenity enhancements in the central courtyard will complement unit interior renovations and boost the property’s perception to a higher income demographic.New ownership will acquire a perfect value-add opportunity with the ability to leverage excellent population growth (+62% population growth since 2000), strong demand (95% average submarket occupancy), positive rent growth projections (3.3% annually from 2027 to 2030), and proximity to major employers including Disney World (80,000 jobs), Universal Studios + Universal Epic Universe (21,000+), and AdventHealth Orlando Hospital (10,000 jobs).
Property Facts
| Sale Type | Investment | Lot Size | 7.85 AC |
| No. Units | 140 | Building Size | 105,308 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1966 |
| Building Class | C | Parking Ratio | 2.45/1,000 SF |
| Zoning | R-3 - Residential Multi Family | ||
| Sale Type | Investment |
| No. Units | 140 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.85 AC |
| Building Size | 105,308 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | R-3 - Residential Multi Family |
Amenities
Unit Amenities
- Balcony
- Crown Molding
- Granite Countertops
- Patio
- Vinyl Flooring
Site Amenities
- Courtyard
- Tennis Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 784 |
| 2+1 | 112 | - | 932 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-2329-0000-00-089 | Improvements Assessment | $8,376,607 CAD |
| Land Assessment | $3,213,127 CAD | Total Assessment | $11,589,734 CAD |
Property Taxes
Parcel Number
15-2329-0000-00-089
Land Assessment
$3,213,127 CAD
Improvements Assessment
$8,376,607 CAD
Total Assessment
$11,589,734 CAD
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Palm Grove Apartments | 1200 W Holden Ave
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