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Stoneridge Pointe Apartments 1505 W 25th St 120 Unit Apartment Building For Sale Sanford, FL 32771

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INVESTMENT HIGHLIGHTS

Just blocks from Lake Monroe, Riverwalk Sanford, and Lake Jesup which offer serene recreation options.
Sanford is home to the Orlando-Sanford International Airport and within a 30-minute drive time is the Orlando International Airport.
A 2.65% year-over-year population growth, making it one of the fastest-growing metro areas in the United States.

Downtown Orlando CBD (25 minutes): 87,200 professional jobs and 11 million sq. ft. of office space.
Orlando MSA is predicted to have the 3rd highest rent growth in the country in 2025.
Major Nearby Employers: Advent Health Altamonte Springs (2,085 jobs), Seminole State College (8,530 staff and 24,384 students).

EXECUTIVE SUMMARY

CBRE Multifamily Tampa is pleased to present the sale of Stoneridge Pointe, a 120-unit community located within the Orlando MSA in the suburb of Sanford, FL. A concrete block asset built in 1975, the Property presents a prime value-add investment opportunity. Stoneridge Pointe features studio, one, two, and three-bedroom floor plans, with 63% majority being two and three-bedroom units, the two-bedroom units are townhomes. Units feature 10-foot ceilings, washer and dryer connections in select units, ceiling fans, fully equipped kitchens, vinyl plank or ceramic tile flooring, and balconies/patios. A total of 72 units are have been renovated, with potential to upgrade the remaining 48 units. Amenities at the community include laundry facilities, a playground, an outdoor grilling area, a sports court, and a clubhouse. The location offers direct access to Highway 275 and State Road 17, leading to Downtown Orlando and Downtown Sanford. Major employers nearby include Advent Health Altamonte Springs, HCA Florida Lake Monroe Hospital, and Seminole State College. Nearby amenities include Seminole Town Center, Gateway Plaza, Publix, Walmart, Sam's Club, and other retail and dining options. Stoneridge Pointe can be sold separately or with its sister property, Aqua Links.

PROPERTY FACTS

Sale Type	Investment	Building Size	119,898 SF
No. Units	120	Average Occupancy	90%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1975
Apartment Style	Garden	Parking Ratio	1.23/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	3.56 AC
Zoning	MR-3, Sanford - multifamily residential district.

Sale Type	Investment
No. Units	120
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	3.56 AC
Building Size	119,898 SF
Average Occupancy	90%
No. Stories	2
Year Built	1975
Parking Ratio	1.23/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MR-3, Sanford - multifamily residential district.