5236 Gwynne Avenue Orlando, FL 32810 Assigned

  • $117,900
  • 3 beds
  • 2 baths
  • 900 sqft
Assigned

5236 Gwynne Avenue Orlando, FL 32810

PRICE: $117,900

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
PPSF: $126.55
BUILT: 1950
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.

Financial Breakdown:
Acquisition Cost: $113,900
+ Closing Costs: +/-$3,500
+ Repair Costs:+/-$5,000
All-in Cost: $122,400

Income:
Main house: $1,000
Back building: $500
Total Monthly Income: $1,500
Annual Income: $18,000

Available on 08.25.2020

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Price:
$117,900
Address:
5236 Gwynne Avenue
Orlando, Florida 32810
Square Feet:
900
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1950

Additional Features

5236 Gwynne Avenue Orlando, FL 32810. PLEASE DO NOT DISTURB TENANTS. Don't miss out on this one of a kind investment property located right off of Clarcona Ocoee Rd! This property features 2 units, the front unit includes 2 beds 1 bath and the back unit include 1 bed 1 bath. Both units are currently occupied on a month to month lease. Landlord is responsible for taxes, insurance & utilities. Tenants are just responsible for their rent. This property is perfectly located between Clarcona Ocoee Rd and N Orange Blossom Trail and close to all retail & shopping. PLEASE DO NOT DISTURB TENANTS. Both units are tenant occupied

Call (954) 280-5883 for more details

Property Location