4439 Pine Bark Avenue

Orlando FL 32811

963 sq. ft.

1 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

THIS LISTING IS FOR A 9-UNIT CONDO PORTFOLIO ? PRIME ORLANDO LOCATIONS ? EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY ? STRONG CASH FLOW & HIGH DEMAND LOCATIONS. CONDO LOCATIONS: 4 UNITS IN PINE SHADOWS CONDOMINIUM (KIRKMAN RD & CONROY RD AREA) AND 5 UNITS IN PARK CENTRAL CONDOMINIUM (NEAR THE MALL AT MILLENIA) THIS SELF-MANAGED PORTFOLIO OF 9 CONDOS OFFERS IMMEDIATE CASH FLOW WITH 8 FULLY OCCUPIED UNITS AND 1 RECENTLY VACANT, PROVIDING FLEXIBILITY FOR AN OWNER-OCCUPANT OR NEW TENANT PLACEMENT. LOCATED IN TWO HIGH-DEMAND ORLANDO COMMUNITIES, THESE UNITS ARE IDEALLY POSITIONED FOR LONG-TERM APPRECIATION AND RENTAL STABILITY. OCCUPANCY: 8 UNITS WITH EXCELLENT, LONG-TERM TENANTS, 1 UNIT CURRENTLY VACANT SELF-MANAGED BY THE OWNERS, SMOOTH TRANSITION FOR NEW OWNERSHIP. FINANCIALS GROSS MONTHLY RENTAL INCOME: $15,080 | ANNUAL GROSS INCOME: $181,080 | 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 TENANT BASE WITH STRONG PAYMENT HISTORY | TENANT QUALITY: EXCELLENT TENANTS WITH PROVEN RELIABILITY | INVESTMENT HIGHLIGHTS: CLOSE TO UNIVERSAL STUDIOS, 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.