SUMMARY OF OFFERING

VITAL PROPERTY DATA

  • Address 117 Annie Street, Orlando, FL 32806
  • Year(s) Built 1924, 1925, 1930, 1948
  • Construction Type Wood Frame/Concrete Block
  • Lot Size 0.37 Acres (+/-)
  • Building Count Four (4)
  • Unit Count Ten (10)
  • Gross SqFt 7,262 SqFt
  • Rentable SqFt 6,363 SqFt

INVESTMENT OVERVIEW

SP Multifamily Group of Marcus & Millichap is pleased to present Annie Apartments, a 10-unit boutique multifamily community positioned within Delaney Park, one of Orlando's most desirable and highest-ranked urban residential neighborhoods. Located at the intersection of Delaney Park, SoDo, Downtown Orlando, and the Orlando Health Medical Campus, the property offers investors a rare opportunity to acquire urban infill housing within a highly supply-constrained corridor supported by strong demographic fundamentals, institutional employment, and long-term residential demand.

The property benefits from immediate proximity to Orlando Health, one of Florida's largest healthcare systems, while also providing convenient access to Downtown Orlando's employment base, entertainment venues, lifestyle districts, and ongoing public and private investment. Surrounded by nationally recognized neighborhoods, premier dining destinations, and some of Orlando's strongest residential real estate values, Annie Apartments occupies a uniquely defensible position within the market. In-place rents remain below nearby comparable properties and ownership alternatives, providing a clear path for future rental growth while maintaining an attractive basis relative to recent comparable sales throughout the surrounding urban core.

INVESTMENT HIGHLIGHTS

Rare Opportunity to Acquire a Boutique Multifamily Asset in Orlando's Core

Located Within the Delaney Park Neighborhood (Ranked as a Top 10 Place to Live in Florida and Top 100 Nationally)

Positioned Between Two of the Largest Medical Campuses in the Southeastern United States
Supported by Billions of Dollars in Public & Private Investment into Downtown Orlando

Significant Cost-to-Own Premium Supports Rental Demand (88% Premium Over the Cost-to-Rent)

Below-Market In-Place Rents With Embedded Rental Upside Within a Supply-Constrained Urban Market

DEAL TEAM

Benjamin Skinner

Benjamin Skinner

Senior Director Investments
SP Multifamily Group, Marcus & Millichap
Matthew Prozzillo

Matthew Prozzillo

Senior Director Investments
SP Multifamily Group, Marcus & Millichap