Marbella Park

The Florida Multifamily Advisory Group of Cushman & Wakefield is pleased to present the exclusive offering of Marbella Park, a 120-unit value-add community in Orlando, FL. Located in northwest Orlando, the property has phenomenal connectivity to major employment hubs such as Winter Park, Lake Mary, Altamonte Springs, and the downtown Orlando CBD – all accessible within a 20-minute drive. The property is well built of concrete block construction and boasts an attractive unit mix of the largest floor plans in the submarket with 33% one-bedroom and 67% two-bedrooms, most of which have been upgraded to a luxury standard. There is opportunity to further renovate 32% of the units that are either classic or partial upgrades as well as implement other income revenue streams with additional fees and services.

With optionality to purchase the property free and clear or subject to a Freddie Mac loan at 3.38% and ability to place new supplemental debt, the property presents an excellent opportunity to acquire a well-performing asset with strong in-place cash flow and future upside through strategic additional renovations.