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Wade M. Berlin

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Broker IDX Sites Inc.
We are the World
Property Photos
2124 Penny Lane
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PRICED AT ONLY: $3,300,000

Address: 2124 Penny Lane, KISSIMMEE, FL 34741

Description

Public Remarks (MLS Portfolio of 11 Townhomes, Dimora Park Max 3,500 characters): Rare opportunity to acquire a portfolio of 11 newly built townhomes in Dimora Park, a private gated community in Kissimmee, Florida. Completed in 2023, each townhouse offers 3 bedrooms, 2 bathrooms, and 1,548 sq. ft. of modern living space with open concept layouts, granite countertops, stainless steel appliances, upgraded finishes, and a first floor primary suite. This exclusive portfolio represents a prime, low maintenance investment in one of Central Floridas fastest growing rental markets. Currently, 10 of 11 units are leased with strong rental performance and minimal vacancy. With full occupancy and market rent adjustments, the projected Net Operating Income (NOI) increases from $116,952 to $243,852 annually, raising the Cap Rate from 3.44 to 7.1 (pe r pro forma). Community amenities include a swimming pool, landscaped common areas, assigned and guest parking, and controlled gated access. The HOA fee of just $439 pe r unit pe r month includes WiFi, cable, pest control, and HVAC filter serviceenhancing tenant appeal and reducing owner expenses. The location is exceptional: only 15 minutes to Walt Disney World Resort, 20 minutes to Universal Studios, and near The Loop, Old Town Kissimmee, shopping, dining, and entertainment. With direct access to I 4, US 192, and Osceola Parkway, the property is ideally positioned for commuters, professionals, and vacationers alike. Highlights: 11 unit townhouse portfolio (3BR/2BA, 1,548 sq. ft. each) Built in 2023 with modern finishes and open layouts 10 of 11 units currently leased, strong rent roll in place NOI potential: $243,852/year | Cap Rate potential: 7.17 HOA covers WiFi, cable, pest control, and HVAC filters Resort style amenities: pool, gated entry, green spaces, parking Located near Disney, Universal, shopping, dining, and MCO Airport Available as a full portfolio OR individually by unit This is a rare opportunity to acquire scale and stability in a new construction community while also allowing buyers to purchase one unit, multiple units, or the entire portfolio. An ideal fit for both institutional investors and individual buyers seeking modern living in a prime Central Florida location. Schedule a private consultation today to review financials and tour this exceptional investment opportunity.
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  • MLS#: O6343600 ( Commercial Sale )
  • Street Address: 2124 Penny Lane
  • Viewed: 5
  • Price: $3,300,000
  • Price sqft: $2,132
  • Waterfront: No
  • Year Built: 2023
  • Bldg sqft: 1548
  • Days On Market: 7
Request More Information
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Carpet, Vinyl
  • Living Area: 1548.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Road Frontage Type: Access Road
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Association Name: Artemis Lifestyle Services, Inc
  • Country: US
  • Legal Description: DIMORA PARK CONDO OR 6566/397 & 6579/2033 BLDG 2 UNIT 2124
  • Area Major: 34741 - Kissimmee (Downtown East)
  • Occupant Type: Vacant
  • Parcel Number: 16-25-29-1102-0002-2124
  • Possession: Close Of Escrow
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Contact Info

  1. Broker IDX Sites Inc.
  2. We are the World
  3. 750.420.3943
  4. Toll Free: 005578193
  5. support@brokeridxsites.com
Wade M. Berlin