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Eleven Townhome Portfolio in Kissimmee
For Sale
$3,000,000

2124 PENNY LANE, Kissimmee, FL 34741

Portfolio of 11 townhomes built in 2023, near Disney.

Property Size1,548 SF
Price / SF$1,937
Days on Market330

Property Features for 2124 PENNY LANE

General Information

Standard status Active
Size 1,548 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,010

Amenities

Central air
Dryer
Washer
Pool
Public Pool
Carpet Flooring
Central Air Cooling
Shingle Roof
Vinyl Flooring

Building Details

Year Built 2023
Listing Agency: FLORIDA REALTY OF MIAMI CORP
Listed By: DANIEL ECHEVERRI RESTREPO · License #3548331
Source: Corcoran
Added: Sep 17, 2025 Changed: Aug 8 Last Checked: Aug 8 at 6:05AM

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 FLORIDA REALTY OF MIAMI CORP

Investment Insights

Based on property information with market context.

This portfolio features 11 newly built townhomes located in the gated Dimora Park community in Kissimmee, Florida. Constructed in 2023, each townhome includes 3 bedrooms, 2 bathrooms, and 1,548 sq. ft. of living space. The townhomes feature open-concept layouts, granite countertops, stainless steel appliances, upgraded finishes, and a first-floor primary suite. Ten of the eleven units are currently leased. The community provides a swimming pool, landscaped common areas, assigned and guest parking, and controlled gated access. The HOA fee covers WiFi, cable, pest control, and HVAC filter service. The property is located near Walt Disney World Resort, Universal Studios, The Loop, and Old Town Kissimmee, with convenient access to I-4, US-192, and Osceola Parkway. The projected Net Operating Income (NOI) increases from $116,952 to $243,852 annually with full occupancy and market rent adjustments, raising the Cap Rate from 3.44 to 7.1. This portfolio offers a low-maintenance investment opportunity in Central Florida's rental market. It is suitable for both institutional investors and individual buyers seeking modern living in a prime location.

Key Highlights

  • Portfolio of 11 newly built (2023) townhomes in a gated community
  • Significant NOI potential of $243,852/year and a 7.1 Cap Rate
  • 10 of 11 units are currently leased with a strong rent roll in place

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Veterinary Clinic Carpet & Flooring Store Tanning Salon Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,340
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Portfolio of 11 townhomes built in 2023, near Disney.
Where is this apartment building located?
The property is located at 2124 PENNY LANE Kissimmee, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Portfolio of 11 newly built (2023) townhomes in a gated community; Significant NOI potential of $243,852/year and a 7.1 Cap Rate; 10 of 11 units are currently leased with a strong rent roll in place
More about this property
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