Active

$1,565,190

Features:
  • 13 Bedrooms
  • 13 Bathrooms
  • 963 sq ft
Overview
  • ID: MFRO6293440
  • Bedrooms: 13
  • Bathrooms: 13
  • Size: 963 sq ft
Property Details
Remarks
THIS LISTING IS FOR A 9-UNIT CONDO PORTFOLIO – PRIME ORLANDO LOCATIONS – EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY – STRONG CASH FLOW & HIGH DEMAND LOCATIONS. CONDO LOCATIONS: 4 UNITS IN PINE SHADOWS CONDOMINIUM (KIRKMAN RD & CONROY RD AREA) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM (NEAR THE MALL AT MILLENIA) THIS SELF-MANAGED PORTFOLIO OF 9 CONDOS OFFERS IMMEDIATE CASH FLOW WITH 8 FULLY OCCUPIED UNITS AND 1 RECENTLY VACANT, PROVIDING FLEXIBILITY FOR AN OWNER-OCCUPANT OR NEW TENANT PLACEMENT. LOCATED IN TWO HIGH-DEMAND ORLANDO COMMUNITIES, THESE UNITS ARE IDEALLY POSITIONED FOR LONG-TERM APPRECIATION AND RENTAL STABILITY. OCCUPANCY: 8 UNITS WITH EXCELLENT, LONG-TERM TENANTS, 1 UNIT CURRENTLY VACANT SELF-MANAGED BY THE OWNERS, SMOOTH TRANSITION FOR NEW OWNERSHIP. FINANCIALS GROSS MONTHLY RENTAL INCOME: $15,080 | ANNUAL GROSS INCOME: $181,080 | HOA FEES: PINE SHADOWS: $1,596/MONTH, PARK CENTRAL: $1,702/MONTH | ANNUAL PROPERTY TAXES: ˜ $20,000 | ANNUAL INSURANCE COSTS: ˜ $7,900 | PROPERTY DETAILS UNIT TYPES & SIZES: 4 UNITS – 2 BED / 2 BATH WITH GARAGE | 5 UNITS – 1 BED / 1 BATH | CONDITION & RENOVATIONS: VERY WELL-MAINTAINED UNITS, MOVE-IN READY | LEASE TERMS: STABLE TENANT BASE WITH STRONG PAYMENT HISTORY | TENANT QUALITY: EXCELLENT TENANTS WITH PROVEN RELIABILITY | INVESTMENT HIGHLIGHTS: CLOSE TO UNIVERSAL STUDIOS, MILLENIA MALL, MAJOR EMPLOYERS AND ATTRACTIONS - HIGH RENTAL DEMAND & APPRECIATION POTENTIAL – ORLANDO’S MARKET CONTINUES TO GROW - TURNKEY INVESTMENT – OCCUPIED UNITS GENERATE IMMEDIATE CASH FLOW - FLEXIBLE INVESTMENT STRATEGY, OWNER OPERATED. BULK SALE PREFERRED, BUT INDIVIDUAL UNIT SALES CAN BE CONSIDERED. SERIOUS INQUIRIES ONLY. CONTACT FOR MORE INFORMATION AND PROPERTY DETAILS. **Please note that SIRS (Structural Inspections Reporting System) and Milestone Inspections are not required for THE PINE SHADOWS CONDOMINIUM, as it is under the 3-story and above requirement. Pine Shadows Building are 2-story. **For the Park Central Condominium, the HOA has completed the required SIRS and Milestone Inspections.
Financial Considerations
Price:
$1,565,190
HOA Fee:
0
Tax Amount:
$0
Price per SqFt:
$1625.33
Tax Legal Description:
PINE SHADOWS CONDO and PARK CENTRAL CONDOMINIUM
Exterior Features
Lot Size:
1
Lot Features:
City Limits, Level, Near Public Transit, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Driveway, Garage Door Opener
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
13
Bathrooms:
13
Heating:
Central, Electric
Cooling:
Central Air, Humidity Control
Appliances:
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
Carpet, Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1983
Construction Type:
Block, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Balcony
Additional Features 2:
N/A
Map
  • Address
    4439 PINEBARK AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 333,000
avt
Daniel Dourado
$ 675,000
avt
Daniel Dourado
$ 650,000
avt
Daniel Dourado
$ 1,500,000
avt
Daniel Dourado
$ 975,000
avt
Daniel Dourado
$ 995,000
avt
Daniel Dourado
$ 550,000
avt
Daniel Dourado
$ 900,000
avt
Daniel Dourado
$ 995,000
avt
Daniel Dourado
$ 995,000
avt
Daniel Dourado
$ 1,275,000
avt
Daniel Dourado
$ 2,250,000