$1,683,000 ($217.84 per sqft)

Est. Mortgage $8,400/mo *

Quick Pre-Approval

4448 PINEBARK AVENUE, Orlando, FL, 32811

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



Listing courtesy of EMPIRE NETWORK REALTY Phone: 407-440-3798