Isis At Tuskawilla Town Center

Isis At Tuskawilla Town Center

Winter Springs, FL
Multifamily Property Investment

Purchase


This property consists of 41 new luxury condominiums and four ground floor retail units located in a new town center environment in Orlando, Florida. The foreclosed units were originally priced in the mid $300s and were purchased substantially below current market and replacement cost. Prior to closing, the units were leased as luxury apartments. The property is located in a well-established, upper middle class submarket and is surrounded by beautiful landscaped gardens. The town center is anchored by a Publix grocery store and includes a variety of restaurants and shop space tenants.

Value
 Creation

An upscale rental property with strong cash flow was created from a failed new condominium development. The asset is unique in the market, positioned adjoining a new retail town center development. Isis is the only new multifamily asset within the town center and has enjoyed full occupancy.

www.tuskawillatowncenter.com