$449,500
Description
Under contract-accepting backup offers. 11.71 CAP rate on this Beautifully renovated 3-Unit Income Producing Property. No HOA! New roof & soffits, New AC, Electrical updates, New 50 gal hot water heater, New tile flooring throughout all 3 units, New kitchen cabinets and bathrooms in all units. EVERYTHING is new except for the Blocks! Very tastefully and professionally updated throughout. ALL three units currently rented. 3/1, 2/1 & 1/1 units. This property is nicely done, you will not have to do a thing to this property. Rear concrete block building has electric and water access just outside. Building is approx. 20X24 with great potential of finishing into a beautiful 4th unit! This could easily bring an additional $1100+/month. Owner currently uses for storage. Gross Income $57,000, Net Income $52, 714. CAP rate 11.71 (Net monthly income: $4393) Units B & C have 6 month lease, Unit A has one year lease. Located in Orlando City Limits, very close to public bus, eateries, shops, 30 MINS to Orlando International Airport, 30 MINS to Walt Disney, 23 mins to UCF AND JUST 3.5 Miles to Valencia State college. Tenant Occupied, please do not contact tenants must call to make appointment. Thank you
Listed by Lolita Olivieri, .
Property Highlights
- Property Type: Multi Family, Triplex
- MLS #: O6213213
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