Sold June 2024
Sonceto apartments is a 296-unit luxury community located in Kissimmee, Florida, in the Orlando MSA's southern portion. The property is just off the intersection of John Young Parkway and Osceola Parkway, minutes from the 500-acre NeoCity technology district and rapidly growing downtown Kissimmee. Sonceto's premier location places residents in proximity of numerous significant employers, outstanding health care facilities, and a wide variety of shopping and entertainment venues. Walt Disney World, the largest single-site employer in the United States with 74,000 jobs, is 9.3 miles from the property.
Sonceto, completed in 2020, consists of seven three and 4-story residential buildings. The property includes a farmhouse-inspired clubhouse with a plethora of modern amenities. Sonceto offers residents one, two, and three-bedroom floor plans ranging from 700 square feet to 1369 square feet. Unit features include open floor plans with 9' ceilings, grey or white shaker-style cabinetry, stainless steel appliance package, wood-style flooring, walk-in closets, island kitchen, tile backsplash, full-size washer/dryer, USB charging ports, and some double vanity sinks. Community features include three water features, resort-style swimming pool, community park, children's playground, shade pavilion, veranda, fitness center, BBQ grilling stations, game room, package storage system, and a resident club room. Garage and storage spaces are available for lease.
Hawthorne Management assumed management services at closing. ApexOne Multifamily Special Situations Fund IV, LP purchased the property and will hold long-term to capture growth and appreciation.