$846,000
Active · 34 days on market · MLS# MFRO6350878
| Bedrooms | 8 |
|---|---|
| Living area | 4,307 sq ft |
| Year built | 1985 |
| Property type | Multi Family |
| Garage spaces | 1 |
| Private pool | Yes |
| Waterfront | Yes |
| HOA fee | $1,814 |
| Annual taxes | $12,385 |
| County | Orange |
This listing is for a 5-unit investment package deal, 7.68% cap rate, immediate cash flow! Owner will also consider individual unit sales. Prime Orlando Locations – Exceptional Turnkey Investment Opportunity. Locations: Pine Shadows Condominium – 3 units in different buildings (Kirkman Rd & Conroy Rd area, near Universal Parks). Park Central Condominium – 2 units in different buildings (Conroy Rd & John Young Pkwy, near The Mall at Millenia). Occupancy: All 5 units currently occupied by tenants. Self-managed by owners, ensuring a smooth transition for new ownership. Financials: Monthly Rental Income: $8,665.00 | $103,980/year. TOTAL HOA Fees: Pine Shadows (all units together): $1,197/month | Belmont at Park Central (all units together): $616.71/month. TOTAL PROPERTY TAXES: $12,385.00/year (all units together). Property Details: Unit Types & Sizes: 3 units – 2 bed / 2 bath with garage, storage and balcony. 2 units – 1 bed / 1 bath with balcony Condition & Renovations: Very well-maintained units. Lease Terms: Stable tenants with a solid payment history. Investment Highlights: Close to Universal Studios, the new Epic Universe Park, Millenia Mall, major employers, and attractions. High rental demand and strong appreciation potential in the growing Orlando market. Turnkey investment — all units are occupied and generating immediate cash flow. Flexible investment strategy — owner-operated portfolio. Bulk sale preferred, but individual unit sales will be considered. Compliance Notes: Pine Shadows Condominium: SIRS (Structural Inspections Reporting System) and Milestone Inspections are not required, as buildings are 2-story and below the 3-story requirement. No Special Assessments. Belmont at Park Central Condominium: HOA has completed the required SIRS and Milestone Inspections, no Special Assessments. Additional Information: A brochure is readily available — see the attachment for Rent Roll, Rent History, Income and Expenses, NOI, Community information and HOA or contact your agent. Listing agent has ownership interest in the properties. Addresses: Pine Shadows: 4457 Pinebark Ave Unit 44-1, 4448 Pinebark Ave Unit 56-1, 4379 White Pine Ave Unit 83-2. Belmont at Park Central: 2200 Metropolitan Way Unit 926, 5016 Park Central Dr Unit 2231.
Listing courtesy of Katie Holz, PA, EMPIRE NETWORK REALTY. Presented by MC Homes Realty Inc · 727432218.