4448 PINEBARK AVE, ORLANDO, FL, 32811
$1,683,000
Residential Income
Bedrooms
13
Bathrooms
13
Living Area
7,726 Sqft
Lot Size
1 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 ALL UNITS 100% LEASED, GENERATING INCOME FROM DAY ONE. LOCATED IN TWO HIGH-DEMAND ORLANDO COMMUNITIES, THESE UNITS ARE IDEALLY POSITIONED FOR LONG-TERM APPRECIATION AND RENTAL STABILITY. OCCUPANCY: ALL 9 UNITS ARE 100% LEASED. SELF-MANAGED BY THE OWNERS, SMOOTH TRANSITION FOR NEW OWNERSHIP. FINANCIALS: MONTHLY RENTAL INCOME: $15,120 | ANNUAL GROSS INCOME: $181,440 | 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. Listing agent has ownership interest in the properties.
Property Details
Property Features Property Features
MLS ID: MFRO6280899 Year Built: 1983
Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer Association Amenities: Basketball Court
Community Features: Association Recreation - Owned, Pool, Sidewalks, Tennis Court(s), Street Lights Construction Materials: Block, Stucco
Cooling: Central Air, Humidity Control Country: US
County Or Parish: Orange Exterior Features: Balcony
Financial Data Source: Owner, Tax Return Flooring: Carpet, Ceramic Tile
Foundation Details: Slab Heating: Central, Electric
Laundry Features: In Kitchen, Inside, Laundry Closet Lease Term: Twelve Months
Levels: Two Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Lot Features: City Limits, Level, Near Public Transit, Paved
Occupant Type: Tenant Parking Features: Assigned, Driveway, Garage Door Opener
Patio And Porch Features: Covered, Front Porch, Screened Pets Allowed: Yes
Possession: Close Of Escrow Property Sub Type: Multi Family
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Security Features: Smoke Detector(s)
Sewer: Public Sewer Showing Requirements: Appointment Only
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity, Sewer, Trash Collection
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected Water Source: Public
Window Features: Blinds
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