7 seperate units bundled together located in the same complex. If you are looking for your next investment deal then look no further. This property is for the seasoned investor that is not afraid of a little work. With high growth potential and units rented under market value there is plenty of room to get good cash flow as well as appreciation from each unit as Orlando continues to grow. The condominium association has put new roofs on every building, fixed the pool and updated the security gate to make this a desirable place to live for renters. The owner has had all HVAC units serviced. 1 Unit replaced. New flooring and paint one of the 2/2 baths. Replace 3 refrigerators and two ovens. Retextured 2 of the units and painted them. Replace windows and has had pest control servicing the units regularly. All condo assessments will be paid in full by the end of the year making the numbers cashflow even better. Seller will consider all offers.
Financial Considerations
Price:
$840,000
HOA Fee:
N/A
Tax Amount:
$1824
Price per SqFt:
$623.15
Tax Legal Description:
CYPRESS POINTE AT LAKE ORLANDO CONDOMINIUM 8825/0505 UNIT 4121H, UNIT 3954B, UNIT 4130D, UNIT 4038C, UNIT 3936B, 3995F, UNIT 4008C