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$3,000,000 - 2124 Penny Lane, KISSIMMEE

-
Bedrooms
-
Baths
1,548
SQ. Feet
2023
Year Built

Public Remarks (MLS – Portfolio of 11 Townhomes, Dimora Park – Max 3,500 characters): 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.

Essential Information

  • MLS® #:
    O6343600
  • Price:
    $3,000,000
  • Bathrooms:
    0.00
  • Square Footage:
    1,548
  • Acres:
    0.00
  • Year Built:
    2023
  • Type:
    Commercial Sale
  • Sub-Type:
    Multi Family
  • Status:
    Active

Community Information

  • Address:
    2124 Penny Lane
  • Area:
    Kissimmee (Downtown East)
  • Subdivision:
    DIMORA PARK CONDO
  • City:
    KISSIMMEE
  • County:
    Osceola
  • State:
    FL
  • Zip Code:
    34741

Interior

  • Appliances:
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Cooling:
    Central Air
  • # of Stories:
    2

Exterior

  • Roof:
    Shingle
  • Foundation:
    Slab

Additional Information

  • Days on Market:
    98

Listing Details

  • Listing Office:
    Florida Realty Of Miami Corp

Listing information courtesy of Florida Realty Of Miami Corp.

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Listing data comes from My Florida Regional MLS.

Listing information last updated on December 23rd, 2025 at 4:34pm EST.