Commercial property in Orlando, Florida 10 bedrooms, 283.26 sq.m. № 2396970

Commercial property in Orlando, Florida 10 bedrooms, 283.26 sq.m. № 2396970
ID2396970 $ 1 400 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
2396970

Property description

100% LEASED | 5-UNIT INVESTMENT OPPORTUNITY | PRIME ORLANDO INFILL LOCATION Turnkey 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 Highlights 100% leased – all 5 units occupied with in-place income $87,600 gross scheduled annual income 16.0x GRM Approximately $280,000 per unit Three buildings, including a newer third unit Concrete-block construction Prime SoDo/Conway Orlando infill location Minutes to Downtown Orlando, SR-408 and I-4 Turnkey investment with immediate cash flow Financials and current rent roll available to registered buyers.
MLS #: O6446443
Contact the seller
Contact me via
CityOrlando
Address1922 CLOVERLAWN AVENUE
TypeCommercial property
Bedrooms10
Living space283.26 m²
  • m²
  • sq. ft
Completion dateIV quarter, 1946
Price
  • Price
  • per m²
$ 1 400 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
Similar offers