4448 PINEBARK AVENUE, Orlando, FL, 32811

13 beds
1983
7,726 sqft
THIS LISTING IS FOR A 9-UNITS REAL ESTATE INVESTMENT PACKAGE! PRIME ORLANDO LOCATIONS – EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY – STRONG CASH FLOW & HIGH DEMAND LOCATIONS. LOCATIONS: 4 UNITS IN PINE SHADOWS CONDOMINIUM (KIRKMAN RD & CONROY RD AREA, NEAR UNIVERSAL PARKS) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM (CONROY AND JOHN YOUNG PKWY, NEAR THE MALL AT MILLENIA). THIS SELF-MANAGED PORTFOLIO OF 9 CONDOS OFFERS IMMEDIATE CASH FLOW WITH 8 FULLY OCCUPIED UNITS AND 1 RECENTLY VACANT, PROVIDING FLEXIBILITY FOR AN OWNER-OCCUPANT OR NEW TENANT PLACEMENT. LOCATED IN TWO HIGH-DEMAND ORLANDO COMMUNITIES, THESE UNITS ARE IDEALLY POSITIONED FOR LONG-TERM APPRECIATION AND RENTAL STABILITY. OCCUPANCY: 8 UNITS WITH EXCELLENT, LONG-TERM TENANTS, 1 UNIT CURRENTLY VACANT SELF-MANAGED BY THE OWNERS, SMOOTH TRANSITION FOR NEW OWNERSHIP. FINANCIALS: MONTHLY RENTAL INCOME: $15,080 | ANNUAL GROSS INCOME: $181,080 | HOA FEES: PINE SHADOWS: $1,596/MONTH, PARK CENTRAL: $1,702/MONTH | ANNUAL PROPERTY TAXES: ˜ $20,000 | ANNUAL INSURANCE COSTS: ˜ $7,900 | PROPERTY DETAILS UNIT TYPES & SIZES: 4 UNITS – 2 BED / 2 BATH WITH GARAGE | 5 UNITS – 1 BED / 1 BATH | CONDITION & RENOVATIONS: VERY WELL-MAINTAINED UNITS, MOVE-IN READY | LEASE TERMS: STABLE TENANT BASE WITH STRONG PAYMENT HISTORY | TENANT QUALITY: EXCELLENT TENANTS WITH PROVEN RELIABILITY | INVESTMENT HIGHLIGHTS: CLOSE TO UNIVERSAL STUDIOS, MILLENIA MALL, MAJOR EMPLOYERS AND ATTRACTIONS - HIGH RENTAL DEMAND & APPRECIATION POTENTIAL – ORLANDO’S MARKET CONTINUES TO GROW - TURNKEY INVESTMENT – OCCUPIED UNITS GENERATE IMMEDIATE CASH FLOW - FLEXIBLE INVESTMENT STRATEGY, OWNER OPERATED. BULK SALE PREFERRED, BUT INDIVIDUAL UNIT SALES CAN BE CONSIDERED. SERIOUS INQUIRIES ONLY. CONTACT FOR MORE INFORMATION AND PROPERTY DETAILS. **Please note that SIRS (Structural Inspections Reporting System) and Milestone Inspections are not required for THE PINE SHADOWS CONDOMINIUM, as it is under the 3-story and above requirement. Pine Shadows Building are 2-story. **For the Park Central Condominium, the HOA has completed the required SIRS and Milestone Inspections. A BROCHURE IS READILY AVAILABLE. PLEASE SEE THE ATTACHMENT OR CONTACT YOUR AGENT.
Status:
Active
Type:
Multi-family
Laundry Remarks:
In Kitchen, Inside, Laundry Closet
Units:
9
Subdivision:
PINE SHADOWS CONDO & PK CENTRAL BELMONT/CHARLES TO
Garage:
1-car Assigned, Driveway, Garage Door Opener
Heating:
Central, Electric
Cooling:
Central Air, Humidity Control
Construction
Block, Stucco
Utilities
Cable Available, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Lot Description:
City Lot, Level, Near Public Transit
Amenities:
Basketball Court
Days on Market:
28
Pet Policy:
Yes
Appliances:
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Lease Term Type:
12 Months
Min Lease Term:
7 Months
MLS #:
O6280899
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of EMPIRE NETWORK REALTY Phone: 407-440-3798