Kissimmee, FL

Property Info:

 

UNITS – 436, CALL FOR CLOSED PRICE

Built in 1973 to be converted to apartments
The subject property is a 436 unit hotel being sold as a conversion to apartments.
The property features 3 pools, 1 main clubhouse, vacant convention center, 2 laundry facilities, gym, playground, and nature park.
Plans have already been drawn out and new cabinets and counter-tops have been bid out for the addition of a kitchenette area. All studio units in the complex are 300-325 square feet. This conversion would fill a void in affordable housing for a Kissimmee market that has seen extensive growth and continues to grow at one of the highest rates in all of the United States.
Highlights:
  • 436 studio units to be converted in one complex
  • Osceola County has one of highest growth rates in US and demographics that fit unit price point
  • 5 miles from new (2019) 300 acre Margaritaville Resort and Island H20 Live! water park
  • Less than 1 mile from Osceola County’s first 5 star resort, 217 acre development Grand Medina Resorts & Spa Orlando, breaking ground in 2020
CONTACT AGENT: Edward Liss