Lago Vista Apartments 180 Royal Palm Dr 40 Unit Apartment Building For Sale 6.93% Cap Rate Kissimmee, FL 34743

CONTACT LISTING AGENTS TO REQUEST ACCESS TO THE DUE DILIGENCE DEAL ROOM
LISTING AGENT CONTACT INFORMATION:
Benjamin.Skinner@marcusmillichap.com
Matthew.Prozzillo@marcusmillichap.com
SP Multifamily Group is pleased to present Lago Vista, a 40-unit garden-style multifamily community comprised exclusively of oversized two-bedroom/two-bathroom residences averaging 1,088 square feet. Constructed primarily in 1982, the property features true bed/bath parity, private screened patios, and a full amenity package including a swimming pool, playground, dog park, shuffleboard court, leasing office, and expansive green space, while the exterior and landscaping present exceptionally well for the asset’s vintage.
Located in Kissimmee within the rapidly expanding Orlando MSA, Lago Vista sits minutes from Lake Nona Medical City, the Lake Nona Innovation District, NeoCity’s emerging semiconductor hub, and Orlando International Airport. The property also benefits from proximity to the Heritage Park redevelopment and the 27,000+ acre Sunbridge master plan—developed by Tavistock—which includes a 700+ acre business park where aerospace company Blue Origin established a 220,853 SF footprint in 2024, and companies such as TJX and Venture One have already completed land acquisitions.
With 28 units already renovated and only 12 classic units remaining, Lago Vista offers investors a clearly defined value-add program within one of Central Florida’s strongest employment growth corridors.