2124 PENNY LN Kissimmee, FL 34741
1,548 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,548 sqft
Price per Sqft $2,131
Subdivision Dimora Park Condo
MLS Listing ID O6343600
Condo Fees $439
Construction Status Completed
HOA Y/N No
Annual Recurring Fee 5268.0
Year Built 2023
Annual Tax Amount $4,010
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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 Florida's 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 service—enhancing 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.
Location
State FL
County Osceola
Community Dimora Park Condo
Area 34741 - Kissimmee (Downtown East)
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Utilities Available Electricity Available, Water Connected
Roof Type Shingle
Building
Story 2
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Others
Ownership Condominium
Monthly Total Fees $439
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6343600
