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Don’t miss this one. There are zero active, pending or sold multifamilies in the last 2 years within a mile. Each unit is currently rented with month to month tenants. They are paying $1,700/month. Market rent says you should be able to collect $2,300/month in total.
Both properties are already in great shape and both have an attached 1 car garage. The roof was replaced 4 years ago, one of the units has a new A/C, units were freshly painted a year ago, and there have been some other upgrades done intermittently.
There has not been a comparable sale for such a property in over a year. The closest and most recent are in the neighboring zip code 32806 and sell for upwards of $400,000.
Musik, No HOA
Assignable
Est. Rehab: $5,000 – $25,000
Est. ARV: $400,000
Est. Monthly Rent: $2,300
- Address: Parkside Drive, Orlando, Florida 32812
- Price: $289,000
- Availability: Sold
- Listing Type: Duplex
- Bedrooms: 2 (2)
- Bathrooms: 1.5 (2)
- Garage/Carport: 1 Car Garage x 2
- Total Square Feet: 2600
- Construction Type: Block
- Year Built: 1972