12-Unit Condominium
For Sale
$2,250,000
2206 ANTIGUA Place, Kissimmee, FL 34741
Residential Income, KISSIMMEE, FL
Property Size12,004 SF
Lot Size0.18 Acres
Price / SF$187.44
Days on Market345
Property Features for 2206 ANTIGUA Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
X
Bedrooms
24
Bathrooms
22
Full bathrooms
22
Rooms
Bathroom 6, Bathroom 11, Bedroom 7, Bedroom 20, Bathroom 18, Bedroom 8, Bathroom 13, Bedroom 22, Bathroom 14, Bathroom 7, Bathroom 19, Bedroom 1, Bedroom 21, Bathroom 2, Bedroom 23, Bedroom 24, Bathroom 8, Bedroom 11, Bedroom 12, Bathroom 12, Bedroom 17, Bedroom 13, Bedroom 15, Bedroom 2, Bathroom 15, Bedroom 14, Bathroom 1, Bathroom 5, Bathroom 16, Bathroom 20, Bathroom 17, Bedroom 6, Bathroom 3, Bedroom 9, Bedroom 19, Bathroom 21, Bedroom 18, Bathroom 9, Bathroom 4, Bathroom 10, Bathroom 22, Bedroom 16, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 10
Pets allowed
Cats OK, Dogs OK
Pool private
1
Interior features
Open Floorplan
Exterior features
Lighting, Outdoor Grill, Sidewalk, Tennis Court(s)
Subdivision
VILLAS DEL SOL AT KISSIMMEE CONDO
View
Lake
Directions
Head southbound on W Carroll St. Property will be on the right.
Standard status
Active
APN
18-25-29-2276-0001-1038
Size
12,004 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
VILLAS DEL SOL AT KISSIMMEE CONDO INC CB 7 PG 132-133 OR 2785/2688 BLDG 2206 UNIT 1038
Tax Annual Amount
29787
Legal Description
VILLAS DEL SOL AT KISSIMMEE CONDO INC CB 7 PG 132-133 OR 2785/2688 BLDG 2206 UNIT 1038
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
swimming pools
tennis courts
Building Details
Year built
1999
Number of units
12
Building materials
Frame
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Sep 24, 2025
Changed: Sep 3
Last Checked: Sep 3 at 10:06AM
MLS# TB8430903
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily offering comprises 12 individually owned condominium units totaling 12,004 square feet in a residential development completed in 1999. Each residence has a two-bedroom layout, while most units include two bathrooms and average more than 1,000 SF. Interior features include open floorplans, modern finishes, and central air conditioning.
Residents have access to shared community amenities that include two swimming pools, tennis courts, sidewalks, lighting, and outdoor grills. Public water and sewer serve the property, and electric service is separately metered. Water and trash are included in HOA fees, with costs recovered through a utility fee. The community is located in Kissimmee, approximately 8 miles or a 15-minute drive from Walt Disney World Resort.
Residents have access to shared community amenities that include two swimming pools, tennis courts, sidewalks, lighting, and outdoor grills. Public water and sewer serve the property, and electric service is separately metered. Water and trash are included in HOA fees, with costs recovered through a utility fee. The community is located in Kissimmee, approximately 8 miles or a 15-minute drive from Walt Disney World Resort.
Key Highlights
- 12 condominium units totaling 12,004 square feet
- Built in 1999 within a larger 35‑acre residential development
- Two‑bedroom layouts in every unit; most residences have two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,701
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,274,020
$2.3M
Cap Rate 7%
$1,624,300
$1.6M
Cap Rate 9%
$1,263,344
$1.3M
Market Conditions
NOI Build-Up for 12,004 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$220.4K $18.36/SF
− Vacancy
−$13.7K −$1.14/SF
EGI
$206.7K $17.22/SF
− OpEx
−$93.0K −$7.75/SF
NOI
$113.7K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,274,020
Cap Rate 7%
$1,624,300
Cap Rate 9%
$1,263,344
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.90M
NOI $113,701 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,926 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily portfolio with two-bedroom residences, central air, and access to shared recreational amenities.
Where is this multifamily property located?
The property is located at 2206 ANTIGUA Place Kissimmee, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12 condominium units totaling 12,004 square feet; Built in 1999 within a larger 35‑acre residential development; Two‑bedroom layouts in every unit; most residences have two bathrooms
