Lake-View Apartment
2222 W SOUTH, Orlando, FL 32805
For Sale
$4,500,000
The property combines a one- and two-bedroom unit mix with separate water and electric meters.
Property Size19,392 SF
Lot Size6.33 Acres
Days on Market23
Property Features for 2222 W SOUTH
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Lawhun Enterprises, LLC
Listed By:
Tito Urbano Perez · License FL #3470017
(407) 907-0350
Source:
Elliman
Added: Oct 23
Changed: Nov 9
Last Checked: Nov 12 at 8:37AM
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 Lawhun Enterprises, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Sunset Apartments is a 37-unit apartment property on 6.33 acres in Orlando. The residences comprise 36 one-bedroom units and one two-bedroom unit. Multiple apartments have views of Sunset Lake, and water and electric service are separately metered. Renovations were completed over the past two years. The building dates to 1960.
The property is in Downtown Orlando, within a mile of Camping World Stadium and a short drive from the Kia Center and Inter&Co Stadium. John Young Parkway, SR-408, Florida’s Turnpike and I-4 provide access to major transportation corridors.
The property is in Downtown Orlando, within a mile of Camping World Stadium and a short drive from the Kia Center and Inter&Co Stadium. John Young Parkway, SR-408, Florida’s Turnpike and I-4 provide access to major transportation corridors.
Key Highlights
- 37 apartments: 36 one‑bedroom units and 1 two‑bedroom unit
- 6.33‑acre property in Downtown Orlando
- Multiple units overlook Sunset Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,303
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,026,060
$5.0M
Cap Rate 7%
$3,590,043
$3.6M
Cap Rate 9%
$2,792,256
$2.8M
Market Conditions
NOI Build-Up for 19,392 SF
Gross rent
$488.7K $25.20/SF
− Vacancy
−$31.8K −$1.64/SF
EGI
$456.9K $23.56/SF
− OpEx
−$205.6K −$10.60/SF
NOI
$251.3K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,026,060
Cap Rate 7%
$3,590,043
Cap Rate 9%
$2,792,256
Alternative Uses
Best Use
Apartment 5plus
$3.59M
$3.14M – $4.19M
NOI $251,303 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.47M – $7.29M
NOI $437,279 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
37
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
Market
Properties on Market for Apartment buildings in Orlando
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines a one- and two-bedroom unit mix with separate water and electric meters.
Where is this apartment building located?
The property is located at 2222 W SOUTH Orlando, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 37 apartments: 36 one‑bedroom units and 1 two‑bedroom unit; 6.33‑acre property in Downtown Orlando; Multiple units overlook Sunset Lake
