3121 Orange Center Boulevard

• Recently Renovated Units
• Concrete Block Construction
• Two Bedroom Units
• Luxury Vinyl Plank Flooring Throughout
• Located on Lynx Public Bus Route
• Easy Access to State Road 408
• On-Site Office
• New Light Poles by OUC
• All New Electric Panels (32)
• Camera System for Added Security
• New Plumbing Systems
• Freshly Painted
• Sewer Line Updated in 2023
• New Doors in Every Unit
• New Appliances in 28 Renovated Units
• New Fencing Installed in 2021
• Digital Door Lock installed in all Renovated Units

Property Description

100Units.com presents Palm Springs Gardens Apartments which is a 31 unit complex located in Orlando, Florida. The subject property consists of two one-story, concrete block construction buildings, with renovations done in 2022 - 2023. This asset is on 1.49 acres. The unit mix is 30 two-bedroom/one-bath units & one studio. Electric is separately metered, paid for by the tenants including sewer & trash. The units feature granite-look countertops, central HVAC systems, semi-private front and back yards, and concrete walls between each unit for sound reduction. The flooring is luxury vinyl plank throughout the 28 renovated units. The property was renovated in 2022- 2023 including new plumbing, new electrical, new sewer, new kitchens, new full tile baths, new flooring, new appliances, new paint, security camera system. Roofs were done in 2020. All plumbing was re-piped in 2021 in 28 units. Electric panels were replaced between 2021 - 2023 in all 31 units + storage/laundry unit (32 new electric panels). New light poles have been installed by OUC. Current rents at $1,350; Section 8 HUD 2024 Fair Market Rents: Studio $1,558 & 2/1 $1,857; shown to demonstrate the upside in current rent rates, there are no rent or other restrictions. Normal lender down payment requirements are 30-40%. The subject property is located six minutes away from Downtown Orlando, 15 minutes from Universal Studios, 20 minutes from both International Drive and the Orlando International Airport, and 30 minutes from Walt Disney World Resorts.