Active

$1,610,000

Features:
  • 13 Bedrooms
  • 13 Bathrooms
  • 0 sq ft
Overview
  • ID: MFRO6313868
  • Bedrooms: 13
  • Bathrooms: 13
  • Size: 0 sq ft
Property Details
Remarks
THIS LISTING IS FOR A 9-UNITS REAL ESTATE INVESTMENT PACKAGE! PRIME ORLANDO LOCATIONS – EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY – STRONG CASH FLOW & HIGH DEMAND LOCATIONS. LOCATIONS: 4 UNITS IN PINE SHADOWS CONDOMINIUM, IN DIFFERENT BUILDINGS (KIRKMAN RD & CONROY RD AREA, NEAR UNIVERSAL PARKS) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM, IN DIFFERENT BUILDINGS (CONROY AND JOHN YOUNG PKWY, NEAR THE MALL AT MILLENIA). THIS SELF-MANAGED PORTFOLIO OF 9 CONDOS OFFERS IMMEDIATE CASH FLOW, WITH ALL UNITS 100% LEASED, GENERATING INCOME FROM DAY ONE. LOCATED IN TWO HIGH-DEMAND ORLANDO COMMUNITIES, THESE UNITS ARE IDEALLY POSITIONED FOR LONG-TERM APPRECIATION AND RENTAL STABILITY. OCCUPANCY: ALL 9 UNITS ARE 100% LEASED. SELF-MANAGED BY THE OWNERS, SMOOTH TRANSITION FOR NEW OWNERSHIP. FINANCIALS: MONTHLY RENTAL INCOME: $15,120 | ANNUAL GROSS INCOME: $181,440 | 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 TENANTS WITH A SOLID PAYMENT TRACK RECORD — SOME LEASES ARE NEARING EXPIRATION. | TENANT QUALITY: EXCELLENT TENANTS WITH PROVEN RELIABILITY | INVESTMENT HIGHLIGHTS: CLOSE TO UNIVERSAL STUDIOS AND THE NEW EPIC UNIVERSE PARK, 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. A BROCHURE IS READILY AVAILABLE. PLEASE SEE THE ATTACHMENT OR CONTACT YOUR AGENT. Listing agent has ownership interest in the properties. - Pine Shadows Address: 4457 PINEBARK AVE UNIT 44-1, 4439 PINEBARK AVE UNIT 47-4, 4448 PINEBARK AVE UNIT 56-1, 4379 WHITE PINE AVE UNIT 83-2, - Park Central Address: 5144 CITY ST UNIT 237, 2314 MIDTOWN TER UNIT 1126, 5017 CITY ST UNIT 1932, 2200 METROPOLITAN WAY UNIT 926, 5016 PARK CENTRAL DR UNIT 2231.
Financial Considerations
Price:
$1,610,000
HOA Fee:
0
Tax Amount:
$0
Price per SqFt:
$N/A
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:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1983
Construction Type:
Block, Stucco, Vinyl Siding, Frame
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
    1 PINEBARK AVE
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