415 - 419 S Parramore Avenue, Orlando, FL 32805

$829,000
3,835
SqFt
List Price
$829,000
Status
Active
Days on Market
15
MLS#
S5053848
Property Style
Multi-Family
Year Built
1952
Living Area
3,835
Lot Size
10,436
Acres
0.24
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Parramore
MLS Area Major
Orlando/Washington Shores

Property Description

Located in Downtown Orlando, at the heart of the City and the fast-growing Parramore area, this is the lowest-priced commercial property portfolio (3 PROPERTIES PACKAGE INCLUDING 8 UNITS FOR ROOMING, DUPLEX AND RESTAURANT) in progressive downtown. Close to the iconic multi-million dollar Amway Arena and the Exploria Soccer Stadium, not to forget the Camping World Stadium and all other billion-dollar investments taking place in the Downtown area (and luxury apartment across to be built following the City's future plans). This mixed property has: an 8-rooming house makes $54000/year, a leased duplex (with 2 1-bedroom units) males $14100/year, in addition a restaurant making $9600/year on the first floor of the rooming house; producing a gross income $77780; net operating income $60880. CAP RATE 8.12%. Insurance $5000. Parking for 6-12 cars, recent renovations include both bathrooms in the rooming house, porch and hallways, new carpet, new interior paint, SFH's roof fixed and new appliances. SELLER FINANCING AVAILABLE Seller finance up to 40% DP , 60% LTV, 6% interest, Balloon 5 yrs, 20 year amm, no prepay penalty.

Additional Information

Taxes
$4981
Annual Gross Income
77780
Location
In City Limits, Street Paved
Community Features
Airport/Runway, No Deed Restriction
Property Description
Two Story
Zoning
AC1/T
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Carpet
Utilities
Private
Heating
Other
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block
Exterior Features
Balcony
Roof
Built-Up, Shingle
Foundation
Slab
Pool
No Pool
Flood Zone Code
x
Parcel ID
29-22-35-6740-01-031
Legal Description
PATRICKS SECOND ADDITION A/134 THE N 50 FT OF LOT 3 BLK 1

Mortgage Calculator

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Listing courtesy of KELLER WILLIAMS LEGACY REALTY.

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