Here is a fantastic investment opportunity in the heart of Orlando, just blocks from Downtown, Camping World Stadium, Creative Village, and Orlando City Soccer Stadium. This concrete block apartment building has 12 units consisting of (8) 2 bedroom,1 bathroom units, and (4) 1 bedroom,1 bathroom units. The property has been well maintained and consistently 100% occupied. This building was completely renovated in 2007 including interior upgrades and modern stucco and trim work outside. The current rents are well below market value with the 2 bedroom units bringing in $600 per month and the 1 bedroom units bringing in $500 per month. The property's current 6% Cap rate can quickly be turned into a strong 10% Cap when rents are raised. Rental comps in the area show 2 bedroom units renting for $950+ per month and 1 bedroom units renting for $750+ per month. This is a high demand rental area with major redevelopment happening only a block away including the 68 acre mixed-use Creative Village. Orlando is booming in population and job growth and is one of the Top 5 rental markets in the country. Don't miss your opportunity to own this rare find. Please contact your EquityPro team member with any serious interest.
Orlando 12 Unit Value-Add Apartment Complex
20 bed / 12 bath6,640 sq ft Built in 1957Multi-family
Unlock this property’s address.
Level of Rehab
Location of Neighborhood
Quality of Floor Plan
Placement in Neighborhood