Kissimmee Townhomes: Investment
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1800 Bassinger Street, Kissimmee, FL 34741
Ten-unit apartment complex in Kissimmee, Florida, built in 2009.
Property Size16,660 SF
Price / SF$134.45
Days on Market137
Property Features for 1800 Bassinger Street
General Information
Standard status
Active
Size
16,660 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$162,628
Building Details
Year Built
2009
Units
10
Tenancy
Multi
Listing Agency:
Dalan Realty LLC
Listed By:
Damian Nusynkier · License #BK3126276
(305) 809-8096
Source:
Crexi
Added: May 26
Changed: Sep 9
Last Checked: Oct 7 at 9:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dalan Realty LLC
Investment Insights
Based on property information with market context.
This ten-unit apartment complex, constructed in 2009, is located in Kissimmee, Florida. Each unit features 3 bedrooms and 2.5 bathrooms. The property includes central AC and smoke alarms in every unit. The property size is 16,660 square feet. The average rent is $1,700 per unit.
Key Highlights
- 10‑unit apartment complex offering a strong investment opportunity.
- Located in the thriving rental market of Kissimmee, Florida.
- Built in 2009, indicating relatively modern construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,590
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,091,800
$4.1M
Cap Rate 7%
$2,922,714
$2.9M
Cap Rate 9%
$2,273,222
$2.3M
Market Conditions
NOI Build-Up for 16,660 SF
Gross rent
$397.8K $23.88/SF
− Vacancy
−$25.9K −$1.55/SF
EGI
$372.0K $22.33/SF
− OpEx
−$167.4K −$10.05/SF
NOI
$204.6K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,091,800
Cap Rate 7%
$2,922,714
Cap Rate 9%
$2,273,222
Alternative Uses
Best Use
Apartment 5plus
$2.92M
$2.56M – $3.41M
NOI $204,590 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.15M
$4.51M – $6.01M
NOI $360,606 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,824
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit apartment complex in Kissimmee, Florida, built in 2009.
Where is this apartment building located?
The property is located at 1800 Bassinger Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: 10‑unit apartment complex offering a strong investment opportunity.; Located in the thriving rental market of Kissimmee, Florida.; Built in 2009, indicating relatively modern construction.
