|Number of units||96|
Jones Lang LaSalle Americas, Inc. as exclusive advisor, is pleased to present the opportunity to acquire The Villas at Pine Hills (the “Property”), a unique 96-unit ‘horizontal’ multi-housing community located in the historic Pine Hills neighborhood, north west of downtown Orlando, Florida. The highly differentiated property is made up of private two bedroom / two bath duplexes, providing a unique low-density living experience. The property, comprised of 48 single-story buildings, was completed in 1984 and offers spacious units of approximately 980 square feet and feature a private driveway, direct access garage, a private fenced patio, and washer/dryer connections. With the exception of moderate upgrades, the property’s finishes have remained largely original and present a compelling opportunity for new ownership to implement a renovation program and to apply rent premiums that are supported by the submarket’s strong performance in multi-housing fundamentals.
- Highly Differentiated, Horizontal Multifamily Product with Competitive Value Proposition
- High Quality Asset with Coveted Concrete Block Construction
- Compelling Value Add Upside
- Consistent Property Performance with almost Full Historical Occupancy
- Convenient Access to Employment and Demand Drivers
- Accelerating Multi-Housing Market Fundamentals