$750,000

$227/sq ft

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Overview

Bedroom

6

Year Built

1966

Sqft

3308

Property Type

Quadruplex

Property Description

Rare Quadplex Opportunity in the Heart of Downtown Orlando! This 4-unit property (2 units are 2bed/1bath, and 2 units are 1 bed/1bath) features immediate income with occupied tenants and long term hold value with a highly sought after location. A TURNKEY INCOME PROPERTY with a strong HISTORY OF STABLE TENANCY, supported by renovations and upgrades between 2020-2023, including FULL KITCHEN RENOVATIONS in 2 Units along with BATHROOM RENOVATIONS in 3 Units. Major system updates include NEWER ROOF (2020), HVAC SYSTEM (2021), and TANKLESS HOT WATER HEATERS in all four units. ELECTRICAL UPDATES were completed in 2020, and PLUMBING HOOKUPS FOR WASHER/DRYER were added to all units as well. Three units have WASHER + DRYER appliances included in the sale. 3 of 4 UNITS ARE OCCUPIED! Perhaps it’s your chance to LIVE IN ONE UNIT and CASH FLOW the other already-occupied units! The property is legally classified as a QUADRUPLEX and zoned R-3 MULTI-FAMILY, offering flexibility for FUTURE REDEVELOPMENT OR EXPANSION. Only 3 MILES TO DOWNTOWN ORLANDO. Residents enjoy a vibrant lifestyle surrounded by LAKE EOLA PARK, the DR. PHILLIPS CENTER FOR THE PERFORMING ARTS, and near the PACKING DISTRICT of COLLEGE PARK, and the eclectic MILLS 50 DISTRICT, known for its cultural festivals and Michelin star dining scene. Adding to its value, the location provides EXCELLENT TRANSIT CONNECTIVITY with nearby SUNRAIL and Lynx Bus system. This combination of RENOVATED UNITS, STRONG RENTAL DEMAND, and CENTRAL ORLANDO LOCATION makes this quadplex a rare find with both CASH FLOW and APPRECIATION POTENTIAL. Don’t miss this opportunity! Listing Photos showcase 2 of 4 units. More photos available upon scheduling. Please do not disturb or approach the tenants. All showings must be scheduled by appointment only.

Property Details

MLS#

O6340188

Address

3059 MARTIN ST

City

Orlando

State/county

FL

Zip/Postal Code

32806

Area

Greenbriar

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,950

Maint Fee

$--

Tax Year

2024

Dishwasher

Dryer

Microwave

Range

Refrigerator

Washer

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Boris Gelfand