2793 L B Mcleod Road, Orlando, FL 32805

$1,749,000
780
SqFt
List Price
$1,749,000
Status
Active
Days on Market
7
MLS#
O5817296
Property Style
Multi-Family
Year Built
1973
Living Area
780
Lot Size
4,899
Acres
0.11
Total Acreage
Up to 10,889 Sq. Ft.
Legal Subdivision Name
Catalina Isles Condo
MLS Area Major
Orlando/Washington Shores

Property Description

24 UNITS! 8.5% ROI ON FULL ASK AFTER ESTIMATED TAXES INSURANCE AND HOA FEES! This 24-unit portfolio is performing excellently and is 100% occupied!! Catalina Isle Condominiums is currently going through its well-deserved renaissance, as over the last 12 months the buildings have been painted and 're-stuccoed' where needed - new flat roofs have been installed, sidewalks repaired, pool area renovated, a cleaning staff hired in place for the community, and new balconies are being installed (est end date 11/30/19,) as well as new drainage systems are to be installed off balconies and front side of buildings. Centrally located by Millenia Mall, all units rented are about 10% below market value, providing a fantastic opportunity for higher ROI.

Additional Information

Taxes Annual
$349
Community Features
No Deed Restriction
Zoning
R-3B
Air Conditioning
Central Air
Exterior Construction
Stucco
Pool
No Pool
Flood Zone Code
X
Parcel ID
04-23-29-1227-27-933
Legal Description
CATALINA ISLES CONDOMINIUM 9137/0983 UNIT 2793-C

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX DOWNTOWN.

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