501 Christor Place Orlando, Florida 32803 Assigned

501 Christor Place Orlando, Florida 32803

PRICE: $533,900
ARV: $680,000

2 Units – Consisting of 2 Bedroom, 1 Bathroom in the Main House
1 Unit – Consisting of 1 Bedroom, 1 Bathroom in the Back Garage Apartment

3,714 Total Gross SF
Main House – 2,232 Heated SF
Garage Apartment – +/- 800 Heated SF (+/-140 not updated in county records)
PPSF: $174.77
BUILT: 1926
A/C: CENTRAL
CONSTRUCTION: FRAME

Looking for the BEST investment opportunity in all of Orlando? Look no further! This triplex is located in the heart of Orlando, just TWO blocks from beautiful Lake Eola! The numbers speak for themselves. At $174.77, this triplex is the cheapest PPSF in the Lake Eola Heights District. It has central a/c throughout (no wall units), updated electrical, the roof is just ten years old, and hardwood floors throughout. Perhaps its best feature is that it’s located on a dead-end road for maximum privacy. The garage apartment in back is its own building, creating seclusion for the tenant. This property is fully occupied. However, the current tenants are paying well below market value. 2/1 and 1/1 market rental comps are attached here or in the “Additional Photos and Information” link. Interior photos are of the back apartment unit only. Showings can scheduled upon proper LOI or POF. PLEASE DO NOT DISTURB THE TENANTS.

I personally live nearby this property. I have called this neighborhood home my entire 30-year life. I enjoy every aspect that beautiful Downtown Orlando has to offer from Lake Eola, exquisite nearby restaurants, and its convenient access to all of Orlando. I would be happy to assist the lucky new buyer with property management services AT NO ADDITIONAL CHARGE (Finding tenants and responding to emergency situations)

Here is what it will need to reach its maximum potential value:

Updating of all three kitchens ($12,000 each, $36,000 total)
Cabinets – $3,000
Appliances – $2,500
Countertops – $2,000-$2,500
Flooring – $2,500
Backsplash (optional) – $1,500
Updating of all three bathrooms ($7,000 each, $21,000 total)
Bathroom tile and grouting – $2,500
Replace tub and toilet – $1,500
Bathroom cabinet – $500
Bathroom flooring – $2,000
Paint/Fixtures – $500
The A/C units are getting older and may need to be replaced soon – $7,500 (predicted, not immediate)
General interior and exterior maintenance of the property – $5,000 (predicted, not immediate)
Safe Estimated Total Cost: +/-$75,000

Available on 08.07.2020

Don’t let this excellent opportunity pass you by! Get it yours now!