3239 Old Winter Garden Road Unit 13, Orlando, FL 32805
- $375,000
- 1,282
- SqFt
- List Price
- $375,000
- Status
- Active
- Days on Market
- 192
- Price Change
- ▼ $30,000 1783916495
- MLS#
- S5146021
- Property Style
- Office
- Year Built
- 2006
- Living Area
- 1,282
- Lot Size
- 1,283
- Acres
- 0.03
- Total Acreage
- 0 to less than 1/4
- Monthly Condo Fee
- 271
- Legal Subdivision Name
- Old Winter Garden Road Commerce C
- MLS Area Major
- Orlando/Washington Shores
Property Description
LEASED INVESTMENT - 100 PERCENT OCCUPIED THROUGH JANUARY 2031. Unit 13 is a 1,282 SF office condo in Building 2 of the Old Winter Garden Road Commerce Center - four private offices, conference room and reception - leased to a nursing academy through 1/31/2031 on a Modified Gross lease with 3 percent annual escalations and a five-year renewal option; the lease transfers with the sale. Year-1 NOI $28,836 - a 7.69 cap at $375,000. Available individually or with the adjoining 2,564 SF suite (Units 12A and 12B, leased to an established congregation through 1/31/2031, MLS S5145472, $600,000) as a 3,846 SF package at $975,000 with combined Year-1 NOI $67,654 (6.94 cap). Concrete block construction (2006), single story, central A/C, in a professionally managed condominium park with shared surface parking; the association covers exterior insurance, common areas, landscaping and the lot. Zoned I-G, City of Orlando. Federal Opportunity Zone. Old Winter Garden Road frontage with about 24,500 vehicles a day; roughly half a mile to I-4, minutes to SR-408, SR-50 and John Young Parkway, about three miles west of downtown Orlando. Independent MAI appraisal, rent roll and leases available to qualified buyers after a confidentiality agreement. Cash or conventional buyers can close in 2026. Showings by appointment with 48 hours notice to the tenant; video walkthrough on request.
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Additional Information
- Taxes Annual
- $2838
- Annual Gross Income
- 38400
- Condo Fees
- $812
- Condo Fees Term
- Quarterly
- Location
- Industrial Condo, Industrial Park
- Community Features
- Sidewalks, No Deed Restriction
- Zoning
- I-G
- Utilities
- Electricity Available
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Foundation
- Block
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 28-22-29-6164-02-130
- Legal Description
- OLD WINTER GARDEN ROAD COMMERCE CENTER CONDO 7465/2020 UNIT 13 BLDG 2
Listing courtesy of UNIVERSAL REALTY OF CENTRAL FL. 407-517-4700
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