Orlando, FL , 36M

Currently operating at 97% Occupancy with the ability to increase rents by at least $200+ per unit.

Build: 1972
Renovation: 2017

Location:
5 Minutes from:
• Kaiser University
• UCF Business Campus
• Southern College
• Conway Elementary School

20 Minutes to:
• Universal Studios
• Disney
• Orlando International Airport

Property Details:
• Two stories with 200 units
• Clubhouse
• Leasing office
• 24hr Fitness Center
• Park
• Onsite Laundry
• Onsite Manager

Unit Mix:
• 80 × 1 bed / 1 bath
• 88 × 2 bed / 1.5 bath
• 32 × 3 bed / 2 bath
(All units include in-unit laundry)

Investment Highlights:
The asset is currently performing extremely well, operating at a fully stabilized occupancy of 97%.

At such high occupancy, Goldelm at Salerno is also showing a Gain-to-Lease in both its Trailing 3 and Trailing 1 month analysis.

This presents an opportunity for investors to capture organic rent growth, with our experts predicting potential for an average of $200 rent increase per unit.

In addition to rent growth, current ownership has implemented additional revenue streams, including:
• Cable recoveries
• Utility reimbursements from all tenants

Investors at Goldelm at Salerno have a rare opportunity to raise rents at a highly efficient property and achieve a projected 5-year IRR of 18%.

‍

Price REDUCED $3MM!! Mostly Renovated - Rent Stabilized

• 200 Units with an average size of 965 SF — significantly larger than many newer construction units in the area.

• 85.5% Occupancy — immediate in-place income with potential for value-add upside.

• Commercial-grade plank flooring installed throughout the first floor of each unit.

• Plank flooring also installed in kitchens and hallways of second-floor units to reduce sound transmission.

• Estimated $280 rent premium per unit with full interior upgrades, including:
 – Quartz countertops
 – New cabinets
 – Kitchen islands
 – Updated flooring

• $500,000 invested in recent capital expenditures for decks and stairwells.

• Seller recommends exterior repainting for enhanced curb appeal and tenant retention.