4439 PINEBARK AVE, ORLANDO, FL, 32811
$1,565,190
Residential Income
Bedrooms
13
Bathrooms
13
Living Area
963 Sqft
Lot Size
1 Sqft
THIS LISTING IS FOR A 9-UNIT CONDO PORTFOLIO – PRIME ORLANDO LOCATIONS – EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY – STRONG CASH FLOW & HIGH DEMAND LOCATIONS. CONDO LOCATIONS: 4 UNITS IN PINE SHADOWS CONDOMINIUM (KIRKMAN RD & CONROY RD AREA) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM (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 GROSS 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.
Property Details
Property Features Property Features
MLS ID: MFRO6293440 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, Tennis Court(s) Construction Materials: Block, Stucco
Cooling: Central Air, Humidity Control Country: US
Exterior Features: Balcony Financial Data Source: Owner
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 Utilities: Cable Available, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Water Source: Public Window Features: Blinds
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