Rare Investor Opportunity! This is a Great triplex located in the heart of the City of Orlando! The property is located in the area of Project Downtown Orlando (Dto) - creating a master plan for downtown Orlando that spans mobility, uses, and spaces to help contribute to building a better Orlando. The city's revitalization program will cost nearly $60 million and this property will be part of the transformation. The current rental rates are below market value and you can will find this property full of opportunities! This Two-Building Triplex boasts of a stand alone single family residence (3/2) in front and a second building behind containing a duplex (Both a 2/1). Unit 1 - Roof Replaced - 2022! Current Cap rate is 6.43% without property management. Rental rates can be increased in the future and new owner could see a Cap rate closer to 8%. The property is minutes from Downtown and will be the perfect property to add to your portfolio.
Public High School
Grades: 9-12Students: 1577
Public Elementary & Middle School
Grades: PK-8Students: 959