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Investment Opportunity: Mariners VillageA well located 88-unit, Class B, value-add, garden-style apartment community in Orlando, FL.
Mariners Village is well located in the Sanford submarket in northern Seminole County which is part of the greater Orlando MSA. The Orlando area attracts an estimated 52 million tour-ists each year and is one of the most popular destinations in the United States. It is currently the third largest MSA in Florida behind Miami-Ft. Lauderdale and Tampa-St. Petersburg with population expected to reach nearly 2.5 million over the next five years. The subject property has frontage on a major arterial roadway, US 17-92, and is only 0.38 miles south of the 417 Greenway which connects the UCF area in east Orlando to I-4 in northern Seminole County and offers residents ease of access to major employment centers in Lake Mary-Heathrow along I-4 . Other points of interest include the Seminole Town Center, a regional shopping mall, which is only 4 miles northeast of the subject property.
For additional information, please contact: Casey Babb, CCIM Bill Renje, CCIM T. Sean Lance Director |
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The NAI Global Multifamily Group is pleased to introduce you to the Mariners Village apartments in Sanford (Orlando), FL. Mariners Village is a 1970’s vintage 88-unit, value-add, garden-style apartment community situated on 3.43 acres which abut Lake Ada and front on a major arterial roadway (US 17-92) just south of the 417 Greenway. The site features mature oaks with units housed in 11 two-story wood-frame garden apartment buildings. A single-story central clubhouse serves as an on-site leasing office. Other amenities include a sparkling pool with sundeck, and a laundry facility. Numerous improvements have been made to the property including replacing nearly 70% of the unit floors, air compressors and appliances. Also, the property was repainted in 2006 and the roofs appear to be in good condition. Mariners Village represents an excellent opportunity to purchase a true value-add multi-family property at well below replacement cost and with very little money down. 