REDUCED!
Price WAS: $675,000
New Price: $665,000
Grant St, Orlando – Click to view more photos
E Muriel St, Orlando – Click to view more photos
The Ideal Off Market Buy & Hold Opportunity in 32806!
Take a quick look at this triplex and duplex that sit right behind each other, bringing in $4950/mo as of now.
The triplex is located on Grant St and it is a two story home. On the first floor of this triplex is a 3/2 and it currently rents for $1350/mo. The second floor has the next two units, a 2/1 and a 1/1. The two bedroom unit rents for $1000/mo and the one bedroom rents for $800/mo. The two bedroom unit is the only one that is not upgraded. The triplex also has a private pool in the back that is also shared with the tenants in the duplex.
The duplex is located directly behind the triplex and is on Muriel St. This home has a 1/1 and a 2/1, and both are rented out. The one bedroom unit brings in $750/mo, while the two bedroom unit brings in $1050/mo. The owner pays for the water which is around $100/mo for the triplex and $60/mo for the duplex.
Market rents suggest that rents should be increased and could reach a possibility $6800/mo combined. The 3 bedroom unit can rent anywhere between $1500-1800/mo, the 2 bedroom units could rent for $1200-1400/mo and the 1/1 units suggest $800-1100/mo. Taxes for Triplex is $4,654.33 and for the Duplex is $3,622.68. These two multifamily properties need a little bit of a clean up. Update the 2/1 in the triplex and really push the rents! Don’t miss this opportunity to take these “A” location multifamily properties up to and over 9 CAP!
Wadeview Park Area / Myrtle Heights – Boone High School District
Assignable
Est. Rehab: $5,000 – $20,000
Current Monthly Rent: $4,950
Est. Market Rent: $5,800 – $6,800
- Address: East Muriel Street, Orlando, Florida 32806
- Price: NOW $665,000
- Availability: Sold
- Listing Type: Multi-Family
- Bedrooms: 8
- Bathrooms: 6
- Total Square Feet: 2062 (triplex) & 1416 (duplex)
