Listing Courtesy of: 407-359-2300 - Tim Veigle - WATSON REALTY CORP 407-359-2300

423 S Lee Avenue Orlando, FL 32805

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Cluster Residence
4 Beds
2 Baths
Sq. Ft.

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Last update on 1/31/2023 4:33 PM
If you are looking for a property that checks off the boxes for a sound investment, then this property needs to be at the top of the list. The first box is potential rental income. These units are currently below fair market value with long term tenants, but property potential rental based off local... comps is $1,100 per unit. This delivers a solid cap rate today, with potential to be even better. This is an investor's dream. The next box that gets checked off is that of the property. This property is very special for the area. The duplex was built in 1989 with concrete block (most homes in area can be anywhere from 1920-1960), each unit has private driveway with chain link fenced yard on separate roads, and the interior floorplan is open with 2 bedrooms and a bathroom off the family space. This means you will get tenants easily, and they will want to stay. The last box that is checked is future potential. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF’s Downtown Campus, and Creative Village. This property is in an opportunity zone as well. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits. This property won't last long so do not sleep on this great opportunity. Call today to determine how you can add this property to your portfolio. Continue reading
MLS#
O6076407
Property Type
Cluster
Bedrooms
4
Bathrooms
Year Built
1989
Stories
1.0
Sewer
Public Sewer

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: 407-359-2300 - Tim Veigle - WATSON REALTY CORP 407-359-2300
Thomas O'Leary, License #BK3401614, Xome Inc., License #1043756, ThomasH.OLeary@xome.com, 844-400-9663, 750 State Hwy 121 Bypass, Suite 100, Lewisville, TX 75067

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This content last refreshed on 1/31/2023 4:33 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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