Shoreview at Baldwin Park | 1001-1009 Shoreview Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Shoreview at Baldwin Park 1001-1009 Shoreview Dr
184 Unit Apartment Building For Sale Orlando, FL 32807
Investment Highlights
- Ownership has spent $2,000,000+ on improvements over the last 4 years`
- $864,000+ in full renovations for 55 Deluxe units
- $213,000+ invested in 7 roof replacements and 2 replacements in-process totaling 9 of the properties 18 total buildings (50% total)
- 34 units with washer & dryer appliances in-unit
Executive Summary
CBRE Multifamily is pleased to present Shoreview at Baldwin Park, available for acquisition either free and clear or via loan assumption.
Shoreview at Baldwin Park consists of 184 units located within walking distance to the beautiful town center of Baldwin Park. A new investor will be able to take advantage of the diverse floor plans and position themselves as an “obtainable housing provider” in a Class A location. Current ownership has done an excellent job demonstrating a viable business plan that includes a 2nd generation turn of Mid-Level upgrades to Deluxe. There is also an opportunity to renovate the remaining 13 Classic units to Deluxe standards.
Shoreview at Baldwin Park is primed for a 2nd generation turn. Currently owner has three types of floor plans for each unit type (classic, mid, and deluxe). Mid-level and deluxe are very similar except for appliances, countertops, and cabinets. Although both new, there seems to be a significant premium for the deluxe units. Deluxe units are averaging $190 in rent over mid-level units per month. The buyer of Shoreview at Baldwin Park has the opportunity to efficiently convert mid-level units to deluxe on turns for a cost of approximately $3,000.
Shoreview at Baldwin Park consists of 184 units located within walking distance to the beautiful town center of Baldwin Park. A new investor will be able to take advantage of the diverse floor plans and position themselves as an “obtainable housing provider” in a Class A location. Current ownership has done an excellent job demonstrating a viable business plan that includes a 2nd generation turn of Mid-Level upgrades to Deluxe. There is also an opportunity to renovate the remaining 13 Classic units to Deluxe standards.
Shoreview at Baldwin Park is primed for a 2nd generation turn. Currently owner has three types of floor plans for each unit type (classic, mid, and deluxe). Mid-level and deluxe are very similar except for appliances, countertops, and cabinets. Although both new, there seems to be a significant premium for the deluxe units. Deluxe units are averaging $190 in rent over mid-level units per month. The buyer of Shoreview at Baldwin Park has the opportunity to efficiently convert mid-level units to deluxe on turns for a cost of approximately $3,000.
Property Facts
| Sale Type | Investment | Lot Size | 8.34 AC |
| No. Units | 184 | Building Size | 165,658 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2016 |
| Apartment Style | Garden | Parking Ratio | 2.14/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 184 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.34 AC |
| Building Size | 165,658 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2016 |
| Parking Ratio | 2.14/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Loft Layout
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Basketball Court
- Breakfast/Coffee Concierge
- Grill
- Package Service
- Pet Play Area
- Lounge
- Maintenance on site
- Sundeck
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | 500 |
| 1+1 | 86 | - | 550 - 832 |
| 2+1 | 28 | - | 917 |
| 2+1.5 | 8 | - | 1,024 |
| 2+2 | 43 | - | 960 - 1,146 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $28,749,751 CAD | |
| Land Assessment | $4,873,022 CAD | Total Assessment | $33,622,773 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,873,022 CAD
Improvements Assessment
$28,749,751 CAD
Total Assessment
$33,622,773 CAD
zoning
| Zoning Code | R-3 |
| R-3 |
1 of 53
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Shoreview at Baldwin Park | 1001-1009 Shoreview Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.