Palm Grove

REO LENDER DRIVEN SALE: 140 UNITS WITH IMMEDIATE VALUE-ADD UPSIDE IN THE HEART OF ORLANDO, FL

THE #1 FASTEST GROWING MSA IN THE UNITED STATES

Colliers is pleased to present Palm Grove, a 140-unit garden-style community with strategic value-add upside located minutes from large employers near the Central Business District of Orlando, FL. A rare REO asset in good physical condition, Palm Grove offers multiple paths to add value. All 140 units offer a variation of hardwood-style floors, laminate countertops, oak or espresso cabinets, and black appliances. Targeted renovations including granite countertops, backsplash , and stainless-steel appliances will generate monthly premiums and help close the current $130/unit rent delta with nearby competitors. Strategic amenity enhancements in the central courtyard will complement unit interior renovations and boost the property’s perception to a higher income demographic.

New ownership will acquire a perfect value-add opportunity with the ability to leverage excellent population growth (+62% population growth since 2000), strong demand (95% average submarket occupancy), positive rent growth projections (3.3% annually from 2027 to 2030), and proximity to major employers including Disney World (80,000 jobs), Universal Studios + Universal Epic Universe (21,000+), and AdventHealth Orlando Hospital (10,000 jobs).

89% Occupancy