Rare opportunity to own TWO DUPLEXES for a total of FOUR UNITS in desirable College Park. Minutes to Edgewater Drive, this quad-plex was immensely renovated in 2013. Renovations to both buildings included: new roof, new hot water heaters, exterior and interior paint throughout and more. All units are fully occupied, and all have 1 year leases signed. Rent has not been increased in two years. There is one efficiency that rents for $650 per month, two 2 bed/ 1 bath units that rent for $895 and $950 per month, and one 3 bed/1 bath that rents for $950 per month. 8.0% Cap rate! Terrific income producing property.
Full Property Details
Full Property Detailsfor 1618 Roosevelt Ave
Sold For: $407,000
Taxes: $4,511 (2014)
MLS ID: O5367124
Added: 1, 137 day(s) ago
Interior Features: Blinds/Shades, Ceiling Fan(S), Washer and Dryer Hookups
1618 Roosevelt Ave, Orlando, FL 32804 (MLS# O5367124) is a
Multi-Family property that was sold at $407,000 on October 02, 2015.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.