Terra Villa Park
- - Irreplaceable mixed-use asset within Winter Springs Town Center
- - Walkable “downtown” setting with embedded retail and services
- - Condo-grade interiors with large floorplans (~1,052 SF avg.)
- - Affluent demographics ($138K+ avg. HHI within 1 mile)
- - Residential + commercial income diversification driving stability
- - Mark-to-market upside through lease tradeouts
Property Description
SP Multifamily Group is pleased to present Terra Villa Park, a 41-unit mixed-use multifamily community located within Winter Springs, FL, offering an opportunity to acquire a high-quality, core-plus asset within one of Central Florida’s most desirable suburban submarkets. Positioned within Winter Springs Town Center, the property integrates apartment residences with ground-floor commercial space in a walkable, neighborhood-oriented setting that supports durable demand and long-term tenant retention. Constructed in 2008, the asset features institutional-quality construction and condo-grade interiors with spacious floorplans averaging over 1,000 SF, attracting a more discerning renter profile and maintaining a unique competitive positioning within the market.The property is supported by affluent surrounding demographics, with average household income exceeding $138,000 within a one-mile radius, and benefits from proximity to a diverse base of employment drivers, including UCF and its research park, major healthcare systems, and the Lake Mary financial services corridor. In addition to its residential income, in-place commercial tenancy provides a complementary revenue stream that enhances stability. While primarily a long-term hold, the asset offers measured upside through continued lease tradeouts and operational efficiencies, further strengthened by its irreplaceable location within Winter Springs’ evolving town center environment.
Broker Details
SP Multifamily Group, Marcus & Millichap 407-557-3889
Broker Details
SP Multifamily Group, Marcus & Millichap 407.557.3888
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $14,500,000 |
| No. of Units: | 44 |
| Year Built: | 2008 |
| Lot Size: | 64,206.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $329,545 |
| Property Website | Click Here |
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