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Mariners
Village Apartments
3202 Orlando Drive
Sanford, Florida (Orlando)
Seminole County
| Unit
Mix: |
|
| #
of Units |
Type |
Sq.
Ft. |
Occupied
Avg. Rent |
| 48 |
1/1 |
540 |
$455 |
| 40 |
2/1 |
725 |
$530 |
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|
| Price:
|
$2,950,000
or $33,523/unit |
| Property
Type: |
88 units |
| Year
Built: |
1974:
Renovated in 1996/98 |
| Occupancy: |
100% as
of 10/23/2000 |
| CAP: |
Actual
at 10.17% - Proforma at 11.04% |
| Cash on
Cash Return: |
Actual
at 13.34% - Proforma at 16.20% |
| Financing: |
Assume
$2mm Loan at 7.75% |
| Parking: |
Approx.
135 spaces |
| Land
Density: |
3.5
acres or 25 units/acre |
| Construction: |
Constructed
of newly painted & renovated vinyl & wood siding over
wood frame. Pitched shingled roof system. |
| Amenities: |
Large
sparkling simming pool w/sundeck, on-site laundry facilities,
attractive clubhouse, courtyards & picnic areas w/ tables
& benches with lake frontage for boating & fishing. |
| Unit Description: |
Large
lanai/patios, complete kitchens including: oven/range,
stainless steel sink with disposal and dishwasher. Individually
metered electric & water/sewer/trash (recently negotiated
sub metering plan is available to purchaser). |
The information
contained herein is believed to be accurate, but is not warranted.
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