7915 Lillwill Avenue

Orlando FL 32809

23000 sq. ft.

168218 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Fully occupied, long term investment opportunity! How would you like to own a 26-door multifamily portfolio in Orlando? These properties are loaded with long term value with continued growth and redevelopment in the area as part of the OBTNext project. The portfolio consists of an 8-unit apartment building with paved, off-street parking, 8 duplexes with their own car ports, and 2 single family homes. Six total lots can be purchased separately for an additional $350,000 (4 R-2 zoned buildable lots and 2 R-1A zoned buildable lots). All of the buildings are block construction. Both properties with Sand Lake Road frontage can likely be converted to C-2 zoning upon review from the Orange County Zoning Department. The total gross square feet is nearly 23,000 and the total heated square feet amounts to an astounding 16,663. The amount of land totals almost 4 acres and it's just minutes to Downtown Orlando. Once fully development, a net cap rate of 7% can easily be obtained. Please see the attached OM. Do not disturb tenants!