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$320,000 • living size area 2496 sqft
Great investment opportunity! this triplex just needs some tlc. with rent prices increasing, why not get a good return on your money. each unit has 2 bedrooms/2 bathrooms. plenty of parking. roof is from 2007. after the units are fixed up, rent each unit for $1,100 per month. that will give an annual gross income $39,600. less taxes $5,100. insurance $1,600. 5% vacancy rate $1,800 (worse case scenario) annual repairs $1,500. (remember placed will be fixed up). that gives a gross income of $29,600. great location close to the airport, beachline (sr528), orlando area attractions and plenty of shopping.Multi Family -
1111 ROYAL PALM, ORLANDO, FL 32809
Date Sold 09-26-2016
Sold Price$236,000 Asking Price$320,000
Share by:
- Living 2496sqft
- Lot size 11323sqft
- Taxes: Register to see
- Year Built 1986
-
Days on market:
42 day(s) Original Price:
$320,000-
Price per sqft:
$128.21 Tax Legal Description:
PINE CASTLE PARK N/99 THE E1/2 OF LOT 34& ALL LOT 35Tax Year:
2015-
MLS:
O5446327 -
Property Type:
Multi Family -
Parking:
6 to 12 Spaces
Lease Term Remaining:
24 MonthsConstruction Type:
BlockConcreteRoof:
ShingleCooling Description:
Central AirWall/Window Unit(s)Heating Description:
CentralWall Units / Window UnitFloor Description:
LaminateCarpet TileSpecial Listing Conditions:
NoneLot Features:
Corner Lot SidewalkCity Lot Neighbourhood
Description
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