Sold October 2017 – 28% IRR
The Terraces at Lake Mary is a 284-unit multi-family community located in Lake Mary, Florida, a suburb of Orlando. The complex is made up of a balanced mix of one, two, three and four-bedroom unit plans. All units have recently been renovated with new interior finishes, including brushed nickel light fixtures, energy-efficient gas stoves, walk-in closets, full-size washer/dryers, and wood-style flooring in select homes. The property amenities include private gated access, 24-hour fitness studio, clubhouse with a new Wi-Fi cafe, resort pool and sundeck. The shaded landscaped grounds offer picnic areas with BBQs, a car care station and a new dog park.