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Orlando Sky 4990 North Ln 140 Unit Apartment Building For Sale Orlando, FL 32808
Investment Highlights
- Remaining 86 units remain untouched, providing a clear renovation pipeline
- All one- & two-bedroom units already have W/D Hookups - Installing appliances in the remaining 86 units and charging a $50 monthly premium
- Attractive In-Place & Pro Forma NOI
- Since 2022, current ownership has invested $1M+ in major property improvements
- Maintained a sustained occupancy rate of 92%+
- Large 8.37-Acre Site - Built in 1985/1986
Property Facts
| Sale Type | Investment | Lot Size | 8.37 AC |
| No. Units | 140 | Building Size | 73,728 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1985/1986 |
| Building Class | B | ||
| Zoning | R3B, Orlando - ORL-R-3B/W/RP | ||
| Sale Type | Investment |
| No. Units | 140 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.37 AC |
| Building Size | 73,728 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/1986 |
| Zoning | R3B, Orlando - ORL-R-3B/W/RP |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Range
- Tub/Shower
- Carpet
- Dining Room
- Patio
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 34 | - | 288 |
| 1+1 | 96 | - | 576 |
| 2+1 | 6 | - | 864 |
| 2+2 | 4 | - | 864 |
Property Taxes
| Parcel Number | 07-2229-6974-03-270 | Improvements Assessment | $3,636,672 CAD |
| Land Assessment | $1,167,915 CAD | Total Assessment | $4,804,587 CAD |
Property Taxes
Parcel Number
07-2229-6974-03-270
Land Assessment
$1,167,915 CAD
Improvements Assessment
$3,636,672 CAD
Total Assessment
$4,804,587 CAD
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Orlando Sky | 4990 North Ln
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