Kissimmee Multifamily for Sale - Osceola Outlying
Hughey Apartments — 6 Units | New Construction 2026 | Kissimmee, FL
Brand-new 2026 construction, fully sprinklered, zero deferred maintenance. No capital expenditure expected for years. Each unit features 1 bedroom + flex room and 2 full bathrooms.
6.91% cap rate. Tenant-paid water, sewer and trash. Free irrigation via shallow well. No HOA — only$80/month street lighting.
Each unit has its own individual water meter, individual electric meter and individual cable/media box — fully submetered and separately served. Tenants are billed directly by the utility providers with zero owner involvement. No shared utilities, no cost allocation disputes, no billing headaches.
Each apartment is a private 2-story townhouse-style unit with two private entries — a front door and a dedicated rear entry directly from the parking area. No neighbors above, no neighbors below. Units sit side by side, not stacked, giving every tenant true vertical privacy, dramatically less noise and zero shared-floor disturbances. The dual-entry layout adds everyday convenience, enhances security and gives each unit the feel of a standalone home rather than an apartment. This design reduces tenant conflict, lowers turnover, and extends the functional life of the building by minimizing structural wear and liability exposure compared to conventional stacked multifamily.
Located in the heart of Kissimmee's Downtown Redevelopment Area — directly behind the Osceola County Courthouse, steps from City Hall and the Police Station. Walking distance to the SunRail Downtown Kissimmee Station, Osceola Regional Medical Center, Toho Marina, Lake Tohopekaliga waterfront, bike and walking trails, and a thriving restaurant and social scene.
This property sits inside the City of Kissimmee's active redevelopment corridor. A new convention center, hotel, and mixed-use developments are coming online within walking distance by 2028. Buy now and let the neighborhood catch up to the investment.
10 parking spaces. No HOA. Tenant pays utilities. Individual meters — water, electric & media per unit. Financials and construction documents available upon request.
New construction is one of the most tax-efficient real estate investments available. As the owner you can depreciate the building structure over 27.5 years under current IRS rules. With a cost segregation study you may be able to accelerate depreciation on individual components — appliances, flooring, fixtures, landscaping infrastructure and more — potentially generating significant paper losses in the early years of ownership that offset other taxable income. The newer the building, the greater the benefit. Consult your CPA or tax advisor to model the impact for your situation.
Investors currently holding appreciated real estate can use a 1031 exchange to defer capital gains taxes and roll proceeds directly into this property. New construction at a 6.91% cap rate with zero deferred maintenance is an ideal exchange target — clean, stabilized, no surprises on day one. Whether you are selling a single-family rental, a commercial property or a larger multifamily asset, this property offers a straightforward and professionally built landing spot for your exchange proceeds.
This is an excellent asset for a small investment group or partnership. At $266,667 per unit and $1,600,000 total, two or three investors splitting equity can each hold a meaningful stake in a brand-new income-producing property in a growing corridor —without the complexity of larger commercial deals. Friends, family members, or colleagues looking to enter real estate together will find this a straightforward, clean and professionally built asset with strong fundamentals from day one. Simple to structure, easy to understand, and built to last.