Contacts
Property Details
- Property Type Other
- Property Size 902 SF
- Lot Size 8.4 SF
- Year Built 1966
- Date Updated Jun 21, 2026
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
Reach out to the broker for more info on lease terms and amenities
Getting around
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18/100
Walk Score ®
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42/100
Bike Score ®
Location
- City Orlando, FL
- Zip Code 32839
Points of Interest
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Orlando Health
2.50 miles
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Sand Lake Road
3.13 miles
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Orlando Transportation Specialists
4.00 miles
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City Walk
4.54 miles
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King's Cross Station
4.68 miles
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UniversalUniversal’s Endless Summers Endless Summer Resort – Dockside Inn & Suites
4.75 miles
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Universal's Endless Summer Resort – Surfside Inn and Suites
4.77 miles
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Universal Epic Universe
4.80 miles
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Hogsmeade Station
4.91 miles
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Orlando Private Car Service
6.09 miles
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Shell
0.29 miles
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Chevron
0.46 miles
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7-Eleven
0.84 miles
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Mobil
1.07 miles
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Blink
4.61 miles
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Tesla Supercharger
5.24 miles
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Electrify America
9.08 miles
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Team Member Garage (D Deck)
2.32 miles
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Palmer Garage (B Deck)
2.37 miles
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Lucerne Garage
2.49 miles
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Orlando Regional Medical Center Garage (Deck A)
2.54 miles
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Patient & Visitor Parking Garage
2.68 miles
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Lot G - Camping World Stadium
2.98 miles
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Lot 7 - Camping World Stadium
3.14 miles
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Lot 5 - Camping World Stadium
3.17 miles
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Sand Lake Road SunRail Station Park and Ride
3.18 miles
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Lot 6 ADA - Camping World Stadium
3.20 miles
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Key Suites Hotel and Extended Stay
0.11 miles
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Lake Holden Inn
0.60 miles
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Arrow Motel
0.63 miles
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Melody Motel
0.88 miles
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Days Inn Orlando Midtown
1.21 miles
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Knights Inn Orlando
1.25 miles
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Fairfield Inn & Suites
1.55 miles
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Sands Motel
1.77 miles
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Ramada Orlando Downtown
1.96 miles
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Royal Inn
2.03 miles
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Save-A-Lot
0.46 miles
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ALDI
0.46 miles
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Publix
1.29 miles
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Walmart Neighborhood Market
1.84 miles
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Target
1.88 miles
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Ross
1.90 miles
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Fancy Fruit and Produce
1.91 miles
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Shopies At Millenia
2.18 miles
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Marshalls
2.21 miles
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Neiman Marcus
2.22 miles