Orlando: Riviera Villas

Address : 1625 Mercy Drive, Orlando, FL 32808
Submarket : Pine Hills, Orlando
Size : 32,600 square feet
Type : Multifamily
Date Acquired : August 2015
Date Sold : May 2018
Percentage Return: 356%
Cap Rate: 10%

40 unit townhome community located just West of the Central Business District, near Universal Orlando Resort.

KAZI Property carried out major renovations, increased occupancy to capacity,increased rents, improved tenant screening, major landscaping before selling the property.

Tags: Apartments, Multifamily, Townhomes