PENDING – 24th St, Orlando, FL 32805

Beds: 3    Baths: 3    SqFt: 1539

ARV: $220k+    Repairs: $20k    Rent: $2250/Mo

$155,000+cc 

Orlando Multifamily Opportunity! This property is zoned R-2 and sits on a double lot. Property could be subdivided, and another duplex or tri-plex could be built. 2 of the 3 units are newly renovated, with a third unit left to be finished. This is the cheapest income property available in all of Orlando right now. Collect over a 13% return even after repairs. Fix up the third unit and rent as is, demo unit 3 and have an updated duplex, subdivide the lot and build additional units, or demo the whole building and build 2 brand new triplexes – a lot of options. Property Features:  Double lot (100×135), roof less than 1 year old, 2 updated units with brand new AC, new flooring, 1 renovated kitchen, 1 renovated bathroom, and updated landscaping. I fully functional kitchen with all appliances. Third unit is blank slate ready to be finished, large storage area in back Rent Rehab: $20k-25k – Complete rehab of unit 3, yard clean up, appliance package for unit 1.

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