4448 PINEBARK AVENUE
Orlando, FL 32811
7726 sqft | 13 beds | #O6280899
Description
THIS LISTING IS FOR A 9-UNITS REAL ESTATE INVESTMENT PACKAGE! PRIME ORLANDO LOCATIONS – EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY – STRONG CASH FLOW & HIGH DEMAND LOCATIONS.
LOCATIONS: 4 UNITS IN PINE SHADOWS CONDOMINIUM (KIRKMAN RD & CONROY RD AREA, NEAR UNIVERSAL PARKS) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM (CONROY AND JOHN YOUNG PKWY, NEAR THE MALL AT MILLENIA).
THIS SELF-MANAGED PORTFOLIO OF 9 CONDOS OFFERS IMMEDIATE CASH FLOW WITH 8 FULLY OCCUPIED UNITS AND 1 RECENTLY VACANT, PROVIDING FLEXIBILITY FOR AN OWNER-OCCUPANT OR NEW TENANT PLACEMENT.
LOCATED IN TWO HIGH-DEMAND ORLANDO COMMUNITIES, THESE UNITS ARE IDEALLY POSITIONED FOR LONG-TERM APPRECIATION AND RENTAL STABILITY.
OCCUPANCY: 8 UNITS WITH EXCELLENT, LONG-TERM TENANTS, 1 UNIT CURRENTLY VACANT
SELF-MANAGED BY THE OWNERS, SMOOTH TRANSITION FOR NEW OWNERSHIP.
FINANCIALS: MONTHLY RENTAL INCOME: $15,080 |
ANNUAL GROSS INCOME: $181,080 |
HOA FEES: PINE SHADOWS: $1,596/MONTH, PARK CENTRAL: $1,702/MONTH |
ANNUAL PROPERTY TAXES: ˜ $20,000 |
ANNUAL INSURANCE COSTS: ˜ $7,900 |
PROPERTY DETAILS UNIT TYPES & SIZES: 4 UNITS – 2 BED / 2 BATH WITH GARAGE | 5 UNITS – 1 BED / 1 BATH |
CONDITION & RENOVATIONS: VERY WELL-MAINTAINED UNITS, MOVE-IN READY |
LEASE TERMS: STABLE TENANT BASE WITH STRONG PAYMENT HISTORY |
TENANT QUALITY: EXCELLENT TENANTS WITH PROVEN RELIABILITY |
INVESTMENT HIGHLIGHTS: CLOSE TO UNIVERSAL STUDIOS, MILLENIA MALL, MAJOR EMPLOYERS AND ATTRACTIONS - HIGH RENTAL DEMAND & APPRECIATION POTENTIAL – ORLANDO’S MARKET CONTINUES TO GROW - TURNKEY INVESTMENT – OCCUPIED UNITS GENERATE IMMEDIATE CASH FLOW - FLEXIBLE INVESTMENT STRATEGY, OWNER OPERATED.
BULK SALE PREFERRED, BUT INDIVIDUAL UNIT SALES CAN BE CONSIDERED. SERIOUS INQUIRIES ONLY. CONTACT FOR MORE INFORMATION AND PROPERTY DETAILS.
**Please note that SIRS (Structural Inspections Reporting System) and Milestone Inspections are not required for THE PINE SHADOWS CONDOMINIUM, as it is under the 3-story and above requirement. Pine Shadows Building are 2-story.
**For the Park Central Condominium, the HOA has completed the required SIRS and Milestone Inspections.
A BROCHURE IS READILY AVAILABLE. PLEASE SEE THE ATTACHMENT OR CONTACT YOUR AGENT.
Property Details
- InteriorCeiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-
- Utility FeaturesCable Available, Electricity Connected, Sewer Connected, Street Lights, Water Connected
- SubdivisionPINE SHADOWS CONDO & PK CENTRAL BELMONT/CHARLES TO
- Lot DescriptionCity Limits, Level, Near Public Transit, Paved
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$1,683,000
- MLS #O6280899
- MLS #O6280899
- Exterior MaterialsBalcony
- Cost1683000
- Utility SourcePublic
- CountyOrange
- Square Feet7726
- Year Built1983
- FoundationSlab
- Pets AllowedYes
- Bedrooms13
- Days on Market (Cumulative)36
- Taxes Annual$0
- Parking Spaces1
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Juan C. Carnicer
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Katie Holz, PA (#MFR261213054)
Listing Office: EMPIRE NETWORK REALTY (#MFR261012046)
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