1922 CLOVERLAWN AVE, ORLANDO, FL, 32806
$1,400,000
Residential Income
|
Bedrooms
10
|
Bathrooms
5
|
Living Area
3,049 Sqft
|
Lot Size
22,195 Sqft
|
100% LEASED | 5-UNIT INVESTMENT OPPORTUNITY | PRIME ORLANDO INFILL LOCATION
Turnkey multifamily investment opportunity in the highly desirable SoDo/Conway area, just minutes from Downtown Orlando, SR-408, I-4, shopping, dining, and major employment centers.
The property is 100% leased, with all five units occupied and generating immediate in-place income. Current gross scheduled income is $87,600 annually, representing a 16.0x GRM and an attractive basis of approximately $280,000 per unit.
The property consists of three buildings, including a newer third unit, with the original improvements featuring 1946 concrete-block construction. The original building have been fully renovated.
Investment Highlights
100% leased – all 5 units occupied with in-place income
$87,600 gross scheduled annual income
16.0x GRM
Approximately $280,000 per unit
Three buildings, including a newer third unit
Concrete-block construction
Prime SoDo/Conway Orlando infill location
Minutes to Downtown Orlando, SR-408 and I-4
Turnkey investment with immediate cash flow
Financials and current rent roll available to registered buyers.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6446443 | Year Built: | 1946 | |
| Construction Materials: | Block | Cooling: | Mini-Split Unit(s) | |
| Country: | US | County Or Parish: | Orange | |
| Exterior Features: | None | Foundation Details: | Block, Slab | |
| Heating: | Central | Laundry Features: | Outside | |
| Listing Agreement: | Exclusive Right To Sell | Occupant Type: | Tenant | |
| Other Equipment: | None | Property Sub Type: | Quadruplex | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt | |
| Roof: | Concrete, Shingle | Sewer: | Septic Tank | |
| Showing Requirements: | Appointment Only | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Available, Electricity Available | Water Source: | Public | |
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