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Gelfand Realty Miami Properties - Multi Family

515 EAST PNE, ORLANDO, FL 32801

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Multi Family 6 bedrooms - TREMAIN CHARLES

515 EAST PNE, ORLANDO, FL 32801

Sold Price$820,000 Asking Price$850,000

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  • Days on market:

    40 day(s)
  • Original Price:

    $850,000
  • Price per sqft:

    $113.97
  • Tax Legal Description:

    CHARLES TREMAINS SUB E/20 THE E 30.97 FT OF LOT 6 & W 29.03 FT OF LOT 7
  • Tax Year:

    2013
  • Property Type:

    Multi Family
  • Parking:

    6 to 12 Spaces
  • Lease Term Remaining:

    24 Months
  • Construction Type:

    Concrete
  • Roof:

    FlatRolled/Hot Mop
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Wall Units / Window Unit
  • Special Listing Conditions:

    None

Description

$850,000 • six bedroom(s) • six full bathroom(s) • living size area 7458 sqft

Casa bella is a six-unit multifamily complex located in the heart of downtown orlando, florida. the asset offers an investor over a 8% cash on cash return and over a 14% total return. the subject property is currently 100 percent occupied. built in 1930 of concrete block and wood construction, the property consists of six 1,130 square foot units. the units feature new beechwood kitchen cabinets and upgraded appliances. each unit is one-bedroom/one-bathroom, totaling 6,780 rentable square feet. in addition to the units, there are 300 square foot laundry rooms on each of the three floors, adding an additional 900 square feet to the building which totals 7,680. this asset sits on approximately 0.14 acres of land. tenants are responsible for electric, water, sewer and gas. landlord pays for laundry utilities and house lights. each unit has a large kitchen with new beechwood finish cabinetry. each unit also features a large separate dining room, washer and dryer, and a storage room shared with one neighbor. the building does not have an elevator. a new rear deck was added for entertaining. the building is secure with a 24- hour locked front door. most recent lease signed was $1,350 per month.

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