$1,610,000
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1 PINEBARK AVENUE

Orlando, FL 32811
1 sqft | 13 beds | #O6313868
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Description

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, IN DIFFERENT BUILDINGS (KIRKMAN RD & CONROY RD AREA, NEAR UNIVERSAL PARKS) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM, IN DIFFERENT BUILDINGS (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 TENANTS WITH A SOLID PAYMENT TRACK RECORD — SOME LEASES ARE NEARING EXPIRATION. | TENANT QUALITY: EXCELLENT TENANTS WITH PROVEN RELIABILITY | INVESTMENT HIGHLIGHTS: CLOSE TO UNIVERSAL STUDIOS AND THE NEW EPIC UNIVERSE PARK, 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.
- Pine Shadows Address:
4457 PINEBARK AVE UNIT 44-1,
4439 PINEBARK AVE UNIT 47-4,
4448 PINEBARK AVE UNIT 56-1,
4379 WHITE PINE AVE UNIT 83-2,
- Park Central Address:
5144 CITY ST UNIT 237,
2314 MIDTOWN TER UNIT 1126,
5017 CITY ST UNIT 1932,
2200 METROPOLITAN WAY UNIT 926,
5016 PARK CENTRAL DR UNIT 2231.

  • Property Details
      • InteriorCeiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-
      • Utility FeaturesCable Available, Electricity Connected, Sewer Connected, Water Connected
      • Lot DescriptionCity Limits, Level, Near Public Transit, Paved
      • SubdivisionPINE SHADOWS AND PARK CENTRAL CONDOMINIUM
      • Sewer InformationPublic Sewer
      • Property SubtypeMulti Family
      • Original List Price$1,610,000
      • MLS #O6313868
      • MLS #O6313868
      • Exterior MaterialsBalcony
      • Cost1610000
      • Utility SourcePublic
      • CountyOrange
      • Year Built1983
      • FoundationSlab
      • Pets AllowedYes
      • Bedrooms13
      • Taxes Annual$0
      • Square Feet1
      • Parking Spaces1
      • Days on Market (Cumulative)1

Location

Renaissance Realty MainReal Estate Group
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