$1,749,000

2793 L B Mcleod Road

ORLANDO FL, 32805

Description

24 UNITS! 8.5% ROI ON FULL ASK AFTER ESTIMATED TAXES INSURANCE AND HOA FEES! This 24-unit portfolio is performing excellently and is 100% occupied!! Catalina Isle Condominiums is currently going through its well-deserved renaissance, as over the last 12 months the buildings have been painted and 're-stuccoed' where needed - new flat roofs have been installed, sidewalks repaired, pool area renovated, a cleaning staff hired in place for the community, and new balconies are being installed (est end date 11/30/19,) as well as new drainage systems are to be installed off balconies and front side of buildings. Centrally located by Millenia Mall, all units rented are about 10% below market value, providing a fantastic opportunity for higher ROI.

Details

MLS#O5817296
StyleIndustrial
Sub-TypeResale
StatusActive
Year1973
Days On Site15

Features

SQ Feet780
Story(s)1
Units24
ZoningR-3B

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32805
Area32805 - Orlando/Washington Shores
Listing VS Median (in 32805)
Price:
$1,749,000
low | high
Med:
$172,400
100% of Average
SqFt:
780
low | high
Med:
1,152
2.307692307692% of Average
$ / SqFt:
$2,242
low | high
Med:
$152
100% of Average
On Site:
15
low | high
Med:
63.5
23.622047244094% of Average
Listing Updated: 10/21/2019
MLS Number: O5817296
Listing Provided By:
Husain Jaffer  of  RE MAX DOWNTOWN

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.