Description
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). ROOF REPLACED - 2022! Rental rates could 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.
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8BEDS
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0.32ACRES
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0BATHS
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01/2 BATHS
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2,890SQFT
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$155$/SQFT
Description
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). ROOF REPLACED - 2022! Rental rates could 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.
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