CSQ Properties Acquires $45M, 200-unit Garden-Style Multifamily Community in Orlando, FL!
Location: 360 Wymore Rd, Altamonte Springs FL 32714
Market: Orlando, FL
Purchase Price: $45,300,000
Returns: 22%-24% Avg Annual Return, 18%-19% IRR
Structure: 8% Preferred Return, 5-6 Year Hold
CSQ Properties, in partnership with Premium Cashflow is delighted to announce its recent acquisition of Wymore 360, a 200-unit Garden-style Multifamily Community located in a great Orlando location.
This beautiful property is located just minutes from fine dining, entertainment hot spots, great shopping, and local parks. The location and nearby developments ensure continued rental success in the current and future market.
It is a well-maintained, value-add asset with significant rental upside by implementing interior & exterior upgrades.
Wymore 360 was built in 1972-1973, offers eight different floor plans, consisting of 8 studio units, 112 one-bedroom/one-bath units, 20 two-bedroom/one-bath units, 21 two-bedroom/two-bath units, 31 three-bedroom/2 bath units, and 8 three-bedroom/one and a half bath units.
This property had a 95% Occupancy Rate when purchased with limited deferred maintenance. It is planned to be refinanced after 2 years and anticipated to have a 5–6-year hold.