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Home For Sale Florida Orlando 3822
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Multiplex For Sale By Owner

ARV 771K Asking 400K Orlando Cash Flowing Properties (Two Triplexes) – Paseo Ave




2711 Paseo Ave , Orlando, Florida 1986 United States
Description

Count them, 2 TRIPLEXES near Downtown Orlando. Each unit is 952 Sq. Ft. and features 2 bedrooms and one full bath. Each unit also features a large living room/dinette plus full kitchen. Each dining room opens out through sliding glass doors to a private back porch. Each unit also has a separate interior laundry room with stack-able Washer & Dryer. There is a fenced yard/common area at the back of the building which the tenants share for entertaining.The landlord pays for water for the whole property and tenants pay sewer. At the front there is a shared parking pad for 6 cars. The roof was replaced in 2005 and the septic was replaced in 2007.All units are rented but 3 leases are expiring within the next 6 months allowing you to renovate and raise rents.New Hot water heaters, A/C handlers and condensate units have been recently purchased for most units saving you thousands! Minor repairs needed estimated $5,000 per unit ($30,000 total). Rents are currently low but the median rent for the area is $800/month. Here is your chance to pick up a Superb Orlando Cash Flowing Properties- Paseo Ave. This triplex will not last long!

Price: $400,000
Property Sub-Type: Multiplex
Cap Rate: 8.9 %
Total Building Size: 5712 SF
Year Built : 1986
Listing ID: 3822

Map of: 2711 Paseo Ave , Orlando, Florida 1986 United States

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