BEDS10
BATHS
SQUARE FEET3,049
MLS#O6446443
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMC LEISH TERRACE
Property Description
100% LEASED | 5-UNIT INVESTMENT OPPORTUNITY | PRIME ORLANDO INFILL LOCATIONTurnkey multifamily investment opportunity in the highly desirable SoDo/Conway area, just minutes from Downtown Orlando, SR-408, I-4, shopping, dining, and major employment centers.The property is 100% leased, with all five units occupied and generating immediate in-place income. Current gross scheduled income is $87,600 annually, representing a 16.0x GRM and an attractive basis of approximately $280,000 per unit.The property consists of three buildings, including a newer third unit, with the original improvements featuring 1946 concrete-block construction. The original building have been fully renovated.Investment Highlights100% leased - all 5 units occupied with in-place income$87,600 gross scheduled annual income16.0x GRMApproximately $280,000 per unitThree buildings, including a newer third unitConcrete-block constructionPrime SoDo/Conway Orlando infill locationMinutes to Downtown Orlando, SR-408 and I-4Turnkey investment with immediate cash flowFinancials and current rent roll available to registered buyers.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Central
Lot Size: 0.51 Acres
Roof Type: Concrete, Shingle
Taxes: $11,996
Year Built: 1946
Amenities
Kitchen/Family Room Combo
None
Feature Descriptions
Annual Net Income: 77373.00
Days on Site: 4
Directions: from Kaley ave turn right on cloverlawn
Exterior: Block
Flood Zone Code: X
Foundation: Block, Slab
Home Warranty Y/N: No
Lot Dimensions: 0.51
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: Appointment Only
Special Sale Provisions: None
Utilities: Cable Available, Electricity Available
Water: Public
Water Access Y/N: No
Zoning: R-2
Listed By / Shown By
Listed By
Agency Name: NOVA REAL ESTATE SERVICES INC
Agency Contact: 407-592-1744
Shown By
Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500
Estimate Your Payment
Estimated Payment
$ 4,523.79 per month $3,115.79 Principal & Interest $999.67 Property Tax $408.33 Homeowner's Insurance
1922 Cloverlawn Avenue | MLS# O6446443
This multi-family property located at 1922 Cloverlawn Avenue, Orlando, FL 32806 is currently listed for sale with an asking price of $1,400,000. Search Orlando real estate on www.floridaexecutiverealty.com today.