0 PINEBARK AVENUE at

0 PINEBARK AVENUE

For sale Days on market 59

$568,500

$580/sq ft

$1,500
Price Decreased

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Overview

Bedroom

Bath

Year Built

1985

Garage

Sqft

980

Property Type

Condominium

Property Description

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. 3 Orlando condos – $568,500 package deal, 7.5% cap rate, immediate cash flow! This listing is for all 3 units, owner will also consider individual unit sales. Turnkey Investment Opportunity Locations: * Pine Shadows Condominium – 3 units in different buildings (Kirkman Rd & Conroy Rd area, near Universal Parks). Occupancy: * All units currently occupied by tenants. * Self-managed by owners, ensuring a smooth transition for new ownership. Financials: Monthly Rental Income: $5,680; HOA Fees: $399 per unit ($14,364 annually); Insurance (all 3 units): $2,993 annually; Property Taxes 2025 (all 3 units): $8,101 annually; Net Operating Income (NOI): $42,702 / Cap Rate: ~7.5%. Property Details: * Unit Types & Sizes: 3 units – 2 bed / 2 bath STURDY CONCRETE CONSTRUCTION WITH GARAGE AND STORAGE, HUGE BALCONY! * Tenant Quality: Excellent tenants with proven reliability Investment Highlights: * Close to Universal Studios, the new Epic Universe Park, Millenia Mall, major employers, and attractions. * Turnkey investment — occupied units generating immediate cash flow. * Flexible investment strategy — owner-operated portfolio. * Bulk sale preferred, but individual unit sales will be considered. Additional Information: * A brochure is available — see attachment or contact your agent Addresses: * Pine Shadows: 4457 Pinebark Ave (Tenant is month to month), 4448 Pinebark Ave (lease expires in April 2026), 4379 White Pine Ave (lease expires 10/19/2025). Both tenants currently on month-to-month leases would love to stay. Seller is open to signing new one-year leases to ensure a smooth transition and peace of mind for the buyer. FANTASTIC COMMUNITY & AMENITIES – WORRY-FREE LIVING! Pine Shadows HAS A HEALTHY HOA FINANCIALS and offers great amenities, including a swimming pool, racquetball, basketball, and tennis courts for an active lifestyle. THE HOA TAKES CARE OF MAJOR EXTERIOR MAINTENANCE, INCLUDING ROOF REPAIRS AND REPLACEMENTS (NEW ROOF IN 2022!), AC DUCTS(REPAIRS OR REPLACEMENT), INSIDE WALL PLUMBING REPAIRS AND OUTSIDE PEST CONTROL, ENSURING A HASSLE-FREE EXPERIENCE. PLUS, A FRIENDLY ON-SITE MANAGER KEEPS EVERYTHING IN TOP SHAPE. PRIME LOCATION! Conveniently located off Kirkman Road, just minutes from Universal Orlando, Valencia West Campus College, Millenia Mall, International Drive, Downtown Orlando, I-4, and the 408. * * Listing agent has ownership interest in the properties **

Property Details

MLS#

O6350242

Garage

Total Floor in Bldg

Address

0 PINEBARK

City

Orlando

State/county

Zip/Postal Code

32811

Area

Pine Shadows Condominium

Country

United States

HOA

Yes

Assoc Fee

$399

Assoc Fee Pd

Monthly

Tax Amount

$--

Maint Fee

$--

Tax Year

2024

Dishwasher

Disposal

Dryer

Electric Water Heater

Microwave

Range

Refrigerator

Washer

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