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407-616-9019
Real Estate Company
1922 Cloverlawn Avenue, Orlando, FL 32806
- $1,400,000
- 10
- BD
- 5
- BA
- 3,049
- SqFt
- List Price
- $1,400,000
- Status
- Active
- Days on Market
- 0
- MLS#
- O6446443
- Property Style
- Quadruplex
- Year Built
- 1946
- Bedrooms
- 10
- Bathrooms
- 5
- Living Area
- 3,049
- Lot Size
- 22,195
- Acres
- 0.51
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Mc Leish Terrace
- MLS Area Major
- Orlando/Delaney Park/Crystal Lake
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.
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Additional Information
- Taxes
- $11996
- Annual Gross Income
- 87600
- Community Features
- No Deed Restriction
- Zoning
- R-2
- Interior Layout
- Kitchen/Family Room Combo
- Interior Features
- Kitchen/Family Room Combo
- Utilities
- Cable Available, Electricity Available
- Heating
- Central
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Block
- Exterior Features
- None
- Roof
- Concrete, Shingle
- Foundation
- Block, Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 06-23-30-5364-00-121
- Legal Description
- MCLEISH TERRACE O/124 THE N1/2 LOT 12 &ALL LOTS 13 & 14 & S 10 FT & W 40 FT OFLOT 15 & W 40 FT OF S 35 FT OF LOT 16 SEE 2522/1678, 2522/1679, 4277/599
Listing courtesy of NOVA REAL ESTATE SERVICES INC. 407-592-1744
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