11600 Mendel Dr Orlando, FL 32826

This stabilized Class B multifamily property, Scots Arms Apartments, presents a compelling investment opportunity in Orlando, Florida. Located at 11600 Mendel Dr, 32826, within Orange County's targeted student housing area, this two-story building boasts 14 units ranging from 550 to 950 square feet. The unit mix includes twelve one-bedroom, one-bathroom units (550 sq ft each) and two larger two-bedroom, one-bathroom units (950 sq ft each). The property sits on a 35,383 square foot lot and is zoned R3. Recent improvements include a two-year-old roof and newly completed exterior pavement. The asking price is $2,500,000, representing a price per unit of $178,571.43 and a 4.36% cap rate based on a Net Operating Income (NOI) of $109,006. The current occupancy rate stands at 78%. This property offers a strong value-add potential due to its location and unit mix. The APN is 10-22-31-9652-10-210. This is a prime opportunity for investors seeking a stable, income-generating asset in a growing market.