The Encanto Community - 150-Home Build-to-Rent Townhome Community

Highlights:

• Newly built 2025 Class A, 150-home build-to-rent townhome community on ~14 acres
• Individually platted - 150 separate tax folios; condo conversion / individual sale potential
• $58,450,000 | 6.9% cap rate | $4,012,733 pro forma NOI
• 3 & 4 bedroom, 2.5 bath townhomes, avg ~1,450 SF, many with 1-2 car garages and fenced yards
• In-place avg rent $2,554/mo vs. $2,627/mo market rent
• Clubhouse, fitness center, resort-style pool & cabanas, playground, on-site staff
• Florida Live Local Act eligibility - potential up to 75% property tax exemption
• Minutes to Disney, Orlando International Airport, Lake Nona and Downtown Orlando

Description:

ONE Sotheby's International Realty is pleased to present The Encanto Community, a newly built, Class A, 150-home build-to-rent (BTR) townhome community on approximately 14 acres at 1898 Zac St, Kissimmee, FL 34743, within the Orlando MSA. Completed in 2025, the Community is individually platted with 150 separate tax folios, making it an ideal candidate for a condo conversion or individual home sales strategy in addition to a hold-for-income strategy.

The Community offers a curated mix of three- and four-bedroom, 2.5-bath townhomes across multiple contemporary floor plans (avg. ~1,450 SF), many with 1- or 2-car garages and private fenced yards. The property is fully constructed and currently in stabilization, with an in-place average rent of $2,554/month versus a management market rent of $2,627/month.

Offering Price: $58,450,000 | Pro Forma NOI (Oct 2026): $4,012,733 | Cap Rate: 6.9% | $389,667 per home.

Located in an established infill residential area within the Osceola County School District, the Community is approximately 18 minutes from Walt Disney World, 24 minutes from Downtown Orlando, 20 minutes from Lake Nona Medical Campus, and 12 minutes from Orlando International Airport. On-site amenities include a clubhouse, fitness center, resort-style pool with cabanas, playground, BBQ/picnic areas, and on-site management and maintenance.

Florida Live Local Act upside: the Live Local qualification process was utilized during lease-up, and current in-place rents are below applicable 120% AMI limits. Subject to tenant income qualification and ongoing compliance, units may be eligible for up to a 75% ad valorem property tax exemption, a potential material enhancement to NOI.

Contact Manny Chamizo III, Global Commercial Director, ONE Sotheby's International Realty - 786.453.3171 - flacommercial@gmail.com.

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