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Multi Family - EAST ORLANDO UNREC

1548 8TH, ORLANDO, FL 32820

Sold Price$292,000 Asking Price$299,999

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  • Days on market:

    51 day(s)
  • Original Price:

    $349,999
  • Price per sqft:

    $53.1
  • Tax Legal Description:

    UNRECORDED PLAT EAST ORLANDO ESTATES SECTION 1 TR 130 DESC AS BEG 1173.4 FT N &2657.85 FT E FROM W1/4 COR OF SEC 22-22-32 N 167 FT E 645 FT S 167 FT W 645 FT TO POB
  • Tax Year:

    2020
  • Property Type:

    Multi Family
  • Furnished Info:

    Furnished
  • Construction Type:

    Block
  • Roof:

    MetalMembrane
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Electric
  • Interior Features:

    Ninguno
  • Exterior Features:

    Fenced
  • Special Listing Conditions:

    None

Description

$299,999 • living size area 5650 sqft

Attention all investors looking for a multi family rental starting with 5 units on a sweet 2.5 acres in orlando fl currently 5 units are as follows 1 solid block duplex{ 4bd 1bth, 2bd 1bth} 3000 sq ft 1 wood frame duplex {2bd 1bth ,1bd 1bth} 1100 sq ft 1 wood frame single family. {1bd 1bth} 900 sq ft current rental from 3 units is $2500 {$1000+$1000+$500} potential rent can be $5200/monthly after renovation {1800+1200+800+700+700 = $5200} all tenants are on a month to month basis the wood frame duplex will be delivered vacant the property is zoned for a combination of sfr and mh in addition to the 5 units the property also has 4 sheds which are perfect for storage ,recreation or parking . 4 out of 5 units require heavy renovation , therefore if you are looking for a fully renovated multi family house ,this is not the right choice , the property is currently on 3 septics, all 3 have been pumped within a year according to prior owner please keep in mind that this is a 5 unit cashflowing property which needs some level of renovation and has a huge potential of higher rents, more units and land value . looking for only cash , hard money buyers or conventional buyers agents must do their own due diligence and verify information.

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