2089 Heritage Key Blvd, Kissimmee, FL 34744
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
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Heritage Key Association Association / Organization
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Church in His Presence Church Mosque
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Heritage Park Realty Real Estate Agency
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EV Connect Charging Station Electric Vehicle Charging Station
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Heritage Key Villas Townhouse Complex Apartment Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.