745 Easy Avenue Orlando, FL 32805
4 identical units each consisting of 2 bedrooms, 1 bath, and 800 sf
Total Bedrooms: 8 |Total Bathrooms: 4
Total Square Feet: 3,200
5,924 sqft lot
New PPSF: $120.28
Year Built: 1950
A/C: Central Throughout
Huge opportunity! This turn key quadplex needs nothing but a new buyer! The roof was replaced in 2009 and has plenty of life left. There is no carpet throughout the entire building, making it very easy to maintain.
Currently, three of the four units are occupied. One of the units is vacant, making it very easy to show. The current tenants are paying $750 on average. Market rents are attached in the drive and show that $900/month per unit can be easily obtained. Each unit has its own, fully functional central a/c system (+/-15 years old estimated). All units are individually metered (electrical and utilities). Each tenant pays their own. Owner pays for common area electricity ($60/month).
This property is located just one block from both, Orange Blossom Trail and the 408 Expressway, just a couple of minutes from downtown Orlando. The city of Orlando continues to revamp this zip code and has yet to reach the half way point in its development. More information on these plans can be found here: OBTNext.com.
Proforma Financial Breakdown
Purchase Price: $384,900
+2% Closing Costs: $7,700
Acquisition Cost: $392,600
Total Income: $3,600/month, $43,200/year
Taxes: $200/month, $2,400/year
Insurance: $55/month, $650/year (Current owner only has liability insurance and has had no claims. Better coverage is recommended)
Exterior Electricity: $5/month, $60/year
Total Expenses: $260/month, $3,120/year
Net Income: $3,340/month, $40,080/year
New Net Cap Rate: 10.2%
Available on 03.25.2021
Don’t let this excellent opportunity pass you by! Get it yours now!
DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property
The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement