Proposed Cap Rate: 13.7%
This property is zoned for commercial assisted living but is being rented out on a per room basis. This property has 6 bedrooms, each occupied with on-time paying tenants who are all on a month-to-month contract. Each are paying well under market rate at $600/month. Increase rents to $850/m and still be below market average. All occupants share the 3 bathrooms, community living room, community kitchen, and community dining room.
Access is EXTREMELY limited. Property sold AS-IS, all offers must be cash.
Zoned for Commercial – Assisted Living
Assignable
Est. Rehab: Light to Moderate
Current Rent: $3,600
Est. Market Rent: $5,100
- Address: Hart Blvd, Orlando FL 32818
- Price: $330,000
- Availability: Sold
- Listing Type: Multi Family
- Bedrooms: 6
- Bathrooms: 3
- Total Square Feet: 2496
- Year Built: 1984