Neighborhood: East Orlando Unrec, 32820 - Orlando/bithlo
Property Taxes: $6,000
ATTENTION ALL INVESTORS LOOKING FOR A MULTI FAMILY RENTAL OR BUYERS LOOKING TO LIVE IN ONE UNIT AND RENT OUT THE REST OR IF YOU ARE A BIG FAMILY AND WISH TO LIVE ON THE SAME PARCEL OR A DEVELOPER LOOKING TO MAKE HIS NEXT PROJECT
THIS A MULTI FAMILY ZONED PROPERTY SITTING A SWEET 2.5 ACRES IN ORLANDO FL
CURRENTLY THERE ARE 5 UNITS GENERATING $3600/MONTH
BRINGING IT TO A 11% CAP IN ORLANDO .
2 OF THE UNITS ARE SOLID BLOCK
2 ARE WOOD FRAME
AND 1 IS A MOBILE HOME .
ALL TENANTS ARE ON A MONTH TO MONTH BASIS
THE PROPERTY IS ZONED FOR A COMBINATION OF SFR AND MH
ALL UNITS ARE ON APPROX HALF AN ACRE LEAVING HUGE POTENTIAL WITH THE REMAINING 2 ACRES .
IN ADDITION TO THE 5 UNITS THE PROPERTY ALSO HAS 4 SHEDS WHICH ARE PERFECT FOR STORAGE ,RECREATION OR PARKING .
4 OUT OF 5 UNITS REQUIRE SOME LEVEL OF RENOVATION ,
THEREFORE IF YOU ARE LOOKING FOR A FULLY RENOVATED MULTI FAMILY HOUSE ,THIS IS NOT THE RIGHT CHOICE ,
THE PROPERTY IS CURRENTLY ON SEPTIC, WHICH ALL 3 HAVE BEEN PUMPED WITHIN A YEAR ACCORDING TO PRIOR OWNER
PLEASE KEEP IN MIND THAT THIS IS A 5 UNIT CASHFLOWING PROPERTY WHICH NEEDS SOME LEVEL OF RENOVATION AND HAS A HUGE POTENTIAL OF HIGHER RENTS, MORE UNITS AND LAND VALUE .
THE PROPERTY IS CURRENTLY MANAGED BY A PROPERTY MANAGER .
BUYERS AGENTS MUST DO THEIR OWN DUE DILIGENCE AND VERIFY INFORMATION.
Courtesy of: PROPERTIO All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided by My Florida Regional MLS DBA Stellar MLS for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Updated: 29th July, 2021 11:45 PM
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