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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
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.