415 N FERN CREEK AVE, ORLANDO, FL, 32803
$990,000
Residential
Bedrooms
9
Bathrooms
6
Living Area
2,539 Sqft
Lot Size
7,020 Sqft
Rare Investment Opportunity in Downtown Orlando – Multi-Family Quad Unit! Don't miss out on this unique and highly lucrative investment property in the heart of Downtown Orlando! This multi-family quad unit is listed as a single parcel, yet consists of two separate structures, offering a total of four occupied units. All units come with renewed leases, providing immediate cash flow and a hassle-free investment opportunity. 413: 2 Bed, 1 Bath – Lease through 12/31/26 at $1500/month 415: 1 Bed, 1 Bath – Lease through 3/31/26 at $1345/month (offered renewal at $1500/month) 417: 3 Bed, 2 Bath – Lease through 5/31/26 at $2050/month 419: 3 Bed, 2 Bath – Recently renovated, listed for rent at $1995/month Potential Rental Income: $7045/month This property is a turn-key investment with no additional upgrades needed. The units are well-maintained with a termite bond and pest control contract in place through 2025. The roofs were replaced in 2016 for units 413 & 415, while units 417 & 419 have a roof replaced in 2008. A 2024 appraisal came back at 1,050,000, providing instant equity and solid value for buyers. Key Features: Prime Downtown Orlando location Turnkey, fully-leased multi-family investment Excellent rental income potential Termite bond and pest control contract No additional investment required! This property is an exceptional opportunity for investors seeking stable cash flow in one of Orlando's most desirable areas. With long-term leases in place and great tenants, it's a perfect addition to any real estate portfolio.
Property Details
Property Features Property Features
MLS ID: MFRO6296532 Year Built: 1925
Appliances: Dishwasher, Dryer, Range, Washer Construction Materials: Block, Stone, Vinyl Siding, Wood Siding
Cooling: Central Air Country: US
County Or Parish: Orange Direction Faces: West
Exterior Features: Courtyard, Sidewalk Flooring: Carpet, Ceramic Tile, Laminate
Foundation Details: Slab Heating: Central
Laundry Features: Laundry Closet Levels: Multi/Split
Listing Agreement: Exclusive Agency Listing Terms: Cash, Conventional
Occupant Type: Tenant Other Structures: Additional Single Family Home
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Asphalt, Paved Roof: Shingle
Security Features: Security Lights Sewer: Public Sewer
Showing Requirements: 24 Hour Notice, Call Tenant, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electricity Connected Water Source: Public
Rooms Rooms
Kitchen: Living Room:
Primary Bedroom:
We love to hear from you