6-Unit Apartment
New
For Sale
$1,525,000
272 HART, Kissimmee, FL 34743
Each residence includes a full kitchen, in-unit laundry, and separately metered water and electric service.
Property Size6,496 SF
Days on Market6
Property Features for 272 HART
General Information
Standard status
Active
Size
6,496 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
6 x 3BR/2BA
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$13,450
Building Details
Building Size
6,496 SF
Year Built
2018
Units
6
Listing Agency:
KEY TO FLORIDA REALTY
Listed By:
Rhonda Ryals · License #3387094
(813) 368-6759
Source:
Elliman
Added: Oct 11
Last Checked: Oct 15 at 1:12AM
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 KEY TO FLORIDA REALTY
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Investment Insights
Based on property information with market context.
Built in 2018, this six-unit apartment property contains residences with three bedrooms and two bathrooms apiece. Each floor plan includes a living area, breakfast bar, split-bedroom arrangement, hard-surface flooring, and a primary suite with a private bath and walk-in shower. Kitchens are equipped with a smooth-top range, microwave, refrigerator, dishwasher, and garbage disposal; stackable washers and dryers are also provided in each unit.
Water and electric service are separately metered by unit. On-site parking includes designated accessible spaces, and street lighting serves the property. All six apartments were occupied at the time of listing. Walt Disney World Resorts is approximately 30 minutes away.
Water and electric service are separately metered by unit. On-site parking includes designated accessible spaces, and street lighting serves the property. All six apartments were occupied at the time of listing. Walt Disney World Resorts is approximately 30 minutes away.
Key Highlights
- Six apartments, each with 3 bedrooms and 2 bathrooms
- Built in 2018
- Separate water and electric meters for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,773
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,595,460
$1.6M
Cap Rate 7%
$1,139,614
$1.1M
Cap Rate 9%
$886,367
$886.4K
Market Conditions
NOI Build-Up for 6,496 SF
Gross rent
$155.1K $23.88/SF
− Vacancy
−$10.1K −$1.55/SF
EGI
$145.0K $22.33/SF
− OpEx
−$65.3K −$10.05/SF
NOI
$79.8K $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%
$1,595,460
Cap Rate 7%
$1,139,614
Cap Rate 9%
$886,367
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.2K – $1.33M
NOI $79,773 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,606 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Explore this area
Business Placement
Demographics for 34743, FL
38,454
Population
13,307
Households
2.9
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
5,573
Density / Sq Mi
$59,186
Median Household Income
$34,640
Median Earnings
$1,738
Median Rent
$277,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes a full kitchen, in-unit laundry, and separately metered water and electric service.
Where is this apartment building located?
The property is located at 272 HART Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Six apartments, each with 3 bedrooms and 2 bathrooms; Built in 2018; Separate water and electric meters for every unit
