Commercial property in Orlando, Florida 11 bedrooms, 60.39 sq.m. № 2259453

Property description

Investor Opportunity! Don't miss this rare chance to acquire an 11-unit condominium portfolio in Waterford Landing Condominium, offering immediate rental income and strong investment potential. The portfolio includes a mix of (10) tenant-occupied units, and (1) vacant unit, providing flexibility for continued rental income and future leasing opportunities. The 11-unit portfolio is offered at $1,550,000 and generates an estimated annual gross income of $171,660.00, with an estimated annual net income of $97,055.58 based on current portfolio expenses. Monthly HOA assessments vary by unit size, with individual assessments currently ranging from approximately $209 to $290 per month. The portfolio includes three different floor plans ranging from 583 to 810 square feet. Current lease expirations are staggered through August 2027, providing an investor with the opportunity to manage future renewals and rental placement over time. Upcoming-vacancy units are being simultaneously marketed for sale and lease.