UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,049 sqft
Price per Sqft $459
Subdivision Mc Leish Terrace
MLS Listing ID O6446443
Bedrooms 10
HOA Y/N No
Year Built 1946
Annual Tax Amount $11,996
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Turnkey multifamily investment opportunity in the highly desirable SoDo/Conway area, just minutes from Downtown Orlando, SR-408, I-4, shopping, dining, and major employment centers.
The property is 100% leased, with all five units occupied and generating immediate in-place income. Current gross scheduled income is $87,600 annually, representing a 16.0x GRM and an attractive basis of approximately $280,000 per unit.
The property consists of three buildings, including a newer third unit, with the original improvements featuring 1946 concrete-block construction. The original building have been fully renovated.
Investment Highlights
100% leased – all 5 units occupied with in-place income
$87,600 gross scheduled annual income
16.0x GRM
Approximately $280,000 per unit
Three buildings, including a newer third unit
Concrete-block construction
Prime SoDo/Conway Orlando infill location
Minutes to Downtown Orlando, SR-408 and I-4
Turnkey investment with immediate cash flow
Financials and current rent roll available to registered buyers.
Location
State FL
County Orange
Community Mc Leish Terrace
Area 32806 - Orlando/Delaney Park/Crystal Lake
Zoning R-2
Interior
Interior Features Kitchen/Family Room Combo
Heating Central
Cooling Mini-Split Unit(s)
Fireplace false
Laundry Outside
Exterior
Exterior Feature None
Utilities Available Cable Available, Electricity Available
View Y/N No
Water Access No
Roof Type Concrete,Shingle
Garage false
Private Pool No
Building
Foundation Block, Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Schools and Properties Nearby
Learn More About LPT Realty
Armando Delgado
Broker Associate License ID: 3320544
Broker Associate License ID: 3320544