408 N Westmoreland Dr

• Concrete Block Construction
• Value Add Opportunity in Rental Upside
• Separately Metered for Electric

Property Description

100Units.com presents Westmoreland Terrace which is a 12 unit multifamily complex. The property is constructed of concrete block with pitched shingle roofing, consisting of 1 two-story apartment building with a total of approximately 7,888 gross square feet and is situated on .35 acres (including adjacent land parcel). The unit mix is 4 one bedroom one bath units and 8 two bedroom one bath units. Electric is separately metered, paid for by the tenants and the water, sewer and trash is paid for by the landlord. The property was completely renovated in 2005 including: electric, plumbing, flooring, kitchens, baths, and roofing. Ideally located a block away from the Creative Village in Orlando, FL a dynamic, mixed-use urban innovation district, built at a cost of over $1.5 billion, home to over 1,000 residents, 6,500 students, and 5,000 jobs including EA Sports corporate offices and University of Central Florida campus and, with an economic impact exceeding $10 billion, offering a unique blend of residential, commercial, and educational spaces designed to foster creativity and collaboration. * Sale includes two parcels Section 8 HUD Fair Market FY 2024: Studio $1,558, 1/1 $1,638, 2/1 $1,857. There are no rent restrictions on this property; Section 8 rents are shown to demonstrate the upside in the current rents.