Active

$846,000

Features:
  • 8 Bedrooms
  • 8 Bathrooms
  • 4307 sq ft
Overview
  • ID: MFRO6350878
  • Bedrooms: 8
  • Bathrooms: 8
  • Size: 4307 sq ft
Property Details
Remarks
This listing is for a 5-unit investment package deal, 7.68% cap rate, immediate cash flow! Owner will also consider individual unit sales. Prime Orlando Locations – Exceptional Turnkey Investment Opportunity. Locations: Pine Shadows Condominium – 3 units in different buildings (Kirkman Rd & Conroy Rd area, near Universal Parks). Park Central Condominium – 2 units in different buildings (Conroy Rd & John Young Pkwy, near The Mall at Millenia). Occupancy: All 5 units currently occupied by tenants. Self-managed by owners, ensuring a smooth transition for new ownership. Financials: Monthly Rental Income: $8,665.00 | $103,980/year. TOTAL HOA Fees: Pine Shadows (all units together): $1,197/month | Belmont at Park Central (all units together): $616.71/month. TOTAL PROPERTY TAXES: $12,385.00/year (all units together). Property Details: Unit Types & Sizes: 3 units – 2 bed / 2 bath with garage, storage and balcony. 2 units – 1 bed / 1 bath with balcony Condition & Renovations: Very well-maintained units. Lease Terms: Stable tenants with a solid payment history. Investment Highlights: Close to Universal Studios, the new Epic Universe Park, Millenia Mall, major employers, and attractions. High rental demand and strong appreciation potential in the growing Orlando market. Turnkey investment — all units are occupied and generating immediate cash flow. Flexible investment strategy — owner-operated portfolio. Bulk sale preferred, but individual unit sales will be considered. Compliance Notes: Pine Shadows Condominium: SIRS (Structural Inspections Reporting System) and Milestone Inspections are not required, as buildings are 2-story and below the 3-story requirement. No Special Assessments. Belmont at Park Central Condominium: HOA has completed the required SIRS and Milestone Inspections, no Special Assessments. Additional Information: A brochure is readily available — see the attachment for Rent Roll, Rent History, Income and Expenses, NOI, Community information and HOA or contact your agent. Listing agent has ownership interest in the properties. Addresses: Pine Shadows: 4457 Pinebark Ave Unit 44-1, 4448 Pinebark Ave Unit 56-1, 4379 White Pine Ave Unit 83-2. Belmont at Park Central: 2200 Metropolitan Way Unit 926, 5016 Park Central Dr Unit 2231.
Financial Considerations
Price:
$846,000
HOA Fee:
1813.67
Tax Amount:
$12385
Price per SqFt:
$196.42
Tax Legal Description:
PINE SHADOWS CONDOMINIUM and BELMONT AT 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:
8
Bathrooms:
8
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
No
Floor:
Carpet, Ceramic Tile, Laminate, Vinyl
Levels:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1985
Construction Type:
Block, Stucco, Vinyl Siding, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Sidewalk, Sliding Doors
Additional Features 2:
Pine Shadows Condominium: After signing lease, have tenants apply with TenantEV before moving in. Belmont at Park Central: Send copy of lease to HOA, along with background and ID
Map
  • Address
    0 WHITE PINE AVE
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