$1,400,000

1922 Cloverlawn Avenue Orlando, FL 32806 • Multi Unit - Multiple • Active

  • 1922 Cloverlawn Avenue, Orlando, FL 32806 Main Photo

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Description

100% LEASED | 5-UNIT INVESTMENT OPPORTUNITY | PRIME ORLANDO INFILL LOCATIONTurnkey 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 Highlights100% leased - all 5 units occupied with in-place income$87,600 gross scheduled annual income16.0x GRMApproximately $280,000 per unitThree buildings, including a newer third unitConcrete-block constructionPrime SoDo/Conway Orlando infill locationMinutes to Downtown Orlando, SR-408 and I-4Turnkey investment with immediate cash flowFinancials and current rent roll available to registered buyers.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Central
Lot Size: 0.51 Acres
Roof Type: Concrete, Shingle
Taxes: $11,996
Year Built: 1946

General Information

Bedrooms: 10
Sqft: 3,049
County: Orange
Subdivision: MC LEISH TERRACE
Listed By:
Fernanda Negromonte NOVA REAL ESTATE SERVICES INC 407-592-1744

Amenities

Kitchen/Family Room Combo
None

Property Features

Annual Net Income: 77373.00
Days on Site: 19
Directions: from Kaley ave turn right on cloverlawn
Exterior: Block
Flood Zone Code: X
Foundation: Block, Slab
Home Warranty Y/N: No
Lot Dimensions: 0.51
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: Appointment Only
Special Sale Provisions: None
Utilities: Cable Available, Electricity Available
Water: Public
Water Access Y/N: No
Zoning: R-2
$1,400,000
10beds
3,049sqft
Active
BEDS10 BATHS SQUARE FEET3,049 MLS#O6446443
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMC LEISH TERRACE

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1922 Cloverlawn Avenue, Orlando, FL 32806.

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Estimated Payment

$ 6,129.97 per month $4,721.97 Principal & Interest $999.67 Property Tax $408.33 Homeowner's Insurance

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