Bahama Bay II

IPA is pleased to present Bahama Bay II (“The Property”), a 162-unit rental asset situated in the rapidly expanding “Four Corners” area of the vibrant Orlando MSA. The Property offers a unique situation for the right buyer to come in and take the final steps to fully convert these condominiums into a traditional apartment community. Current ownership has controlled 160 of 162 units on-site for numerous years and has recently acquired the final two units providing them with 100% ownership in the property. All units are currently being operated as rentals. Upon completion of the necessary jurisdictional paperwork and tax payments, new ownership can collapse the HOA and operate the property as a single entity, potentially capturing enormous upside from the efficiencies that go along with this process.