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    2089 Heritage Key Blvd Kissimmee, FL 34744

    Sponsored
    For Sale
    Contact for pricing

    Luxury Apartment Complex, 521 Units

    Property size:
    178,995 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, multifamily investment opportunity presents a newly constructed (2024) 521-unit apartment community in Kissimmee, Florida's thriving Orlando MSA. The property, encompassing 55.21 acres, consists of 63 buildings with two stories each, totaling 178,995 square feet. Situated in Osceola County, near the intersection of Heritage Key Boulevard and other major roadways, this prime location offers unparalleled access to NeoCity Research and Technology Campus, Orlando International Airport, Disney World, and HCA Florida Hospital, as well as abundant retail amenities. The property's zoning (PD - Plan Development) allows for significant future expansion. An additional 12.11 acres of adjacent undeveloped land provides the potential to add up to 250 more units. The property is currently free and clear of financing, although acquisition with a combination of new financing and the assumption of existing below-market agency debt on phases II and III is possible. This Core+ investment presents a compelling opportunity for institutional investors seeking a high-quality, well-located asset with significant upside potential. The property's APN numbers are: 25-25-29-2535-0001-00N0

    Property Features for 2089 Heritage Key Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    178,995 SF
    Class
    A
    Lot Size
    2,404,948 SF

    Building Details

    Year Built
    2024
    Buildings
    63
    Stories
    2
    Units
    521

    HighLights

    • Newly constructed (2024) 521‑unit multifamily community in Kissimmee, FL.
    • 521 units completed in 2024.
    • Adjacent 12.11 acres of undeveloped land allows for up to 250 additional units.
    • Located near NeoCity Research and Technology Campus.
    • Prime location near Orlando International Airport, Disney World, HCA Florida Hospital, and abundant retail.
    • Free and clear of financing, or acquisition possible with new financing and assumption of below‑market agency debt on phases II and III.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heritage Key Association Association / Organization Church in His Presence Place Of Worship Heritage Park Realty Real Estate Agency EV Connect Charging ... Electric Vehicle Charging Station Heritage Key Villas Townhouse Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.359176041163
    Latitude
    28.286442342741

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Apartment Complex, 521 Units
    Where is this multifamily property located?
    The property is located at 2089 Heritage Key Blvd Kissimmee, FL.
    What are key features of this property?
    This property features: Newly constructed (2024) 521-unit multifamily community in Kissimmee, FL.; 521 units completed in 2024.; Adjacent 12.11 acres of undeveloped land allows for up to 250 additional units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2089 Heritage Key Blvd Kissimmee, FL 34744
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