5236 Gwynne Avenue Orlando, FL 32810
Main House consists of 2 bedrooms and 1 bathroom
Back building consists of 1 bedroom and 1 bathroom
900 Total SF
Main house – 620 SF
Back building – 280 SF
A/C: WINDOW UNITS
CONSTRUCTION: WOOD FRAME WITH STUCCO AND SHEATHING
This two buildings are currently occupied by three separate tenants. They are each being rented on a month to month basis at $550, $500, and $450, respectively. All tenants would like to stay and are open to signing a one year lease agreement with the new owner. Roofs to both units were installed in May 2019 (proof of permit in Google Drive). Additionally, a new septic system was installed in 2018. Slight improvements to the property can be made. However, it is not needed nor recommended given this market.
Both buildings contain window a/c units. Again, you can install central a/c throughout the main house, but it is not recommended. The kitchen cabinets in the back unit could also be replaced. Parts of the main house were upgraded not too long ago. I was told that the electrical and plumbing are working as they should be. Comps are in the Google Drive.
Acquisition Cost: $113,900
+ Closing Costs: +/-$3,500
+ Repair Costs:+/-$5,000
All-in Cost: $122,400
Main house: $1,000
Back building: $500
Total Monthly Income: $1,500
Annual Income: $18,000
Available on 08.25.2020
Don’t let this excellent opportunity pass you by! Get it yours now!