1922 CLOVERLAWN AVE Orlando, FL 32806
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,049 sqft
Price per Sqft $459
Subdivision Mc Leish Terrace
MLS Listing ID O6446443
Bedrooms 10
HOA Y/N No
Year Built 1946
Annual Tax Amount $11,996
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Orange
Community Mc Leish Terrace
Area 32806 - Orlando/Delaney Park/Crystal Lake
Zoning R-2
Interior
Interior Features Kitchen/Family Room Combo
Heating Central
Cooling Mini-Split Unit(s)
Fireplace false
Laundry Outside
Exterior
Exterior Feature None
Utilities Available Cable Available, Electricity Available
View Y/N No
Water Access No
Roof Type Concrete,Shingle
Garage false
Private Pool No
Building
Foundation Block, Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6446443
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