Description

Calling all investors! Don't miss the opportunity to add this gem to your investment portfolio! This two story quad plex features block construction with two units on the first floor and two units on the second floor. The property is a stones throw away from Camping World Stadium and the $8 million dollar Lake Lorna Doone Park renovation adding long-term value to this property! The property has had only one owner since 1994 and there are no issues that would affect the title. All four units are rented with 2 units having a one year lease and two units having 2 year leases! All tenants have been leasing for 10 years or more creating stable and long-term income for their new owner. A new roof was installed about 5 years ago and all the kitchens in each unit received upgrades a few of years ago. Each bathroom was updated in November 2019 with a new tile floor, shower tiles, new toilets, vanities and new paint. All new exterior electrical panels were installed November 2019 along with new breaker boxes for all 4 exterior wall air conditioner units. The building received new paint, new exterior doors and updated exterior lighting around the property in November 2019. The current rental rate is slightly below market. The property is being sold As-Is. The electrical is metered separately for each unit! The water is currently not metered separately and the current owner pays for water usage. This property is turn key ready for its new owner!

Details

MLS#O5826213
Sub-TypeResale
StatusPending
Year1966
Days On Site9

Features

SQ Feet2,950
Units4
Building(s)1

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32805
Area32805 - Orlando/Washington Shores
Listing VS Median (in 32805)
Price:
$339,000
low | high
Med:
$168,500
100% of Average
SqFt:
2,950
low | high
Med:
1,140
100% of Average
$ / SqFt:
$115
low | high
Med:
$148
21.37737411375% of Average
On Site:
9
low | high
Med:
59
15.254237288136% of Average
Listing Updated: 12/04/2019
MLS Number: O5826213
Listing Provided By:
Lorenzo Clark  of  ROBINSON FORGES REALTY INT

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