About This Property

SPACIOUS LOT + PRIME LOCATION = HUGE POTENTIAL! - - - Rare opportunity to acquire a 5-unit multifamily investment in Downtown Orlando’s Creative Village area. The property consists of three buildings on approximately 0.46 acres and offers stable in-place cash flow with long-term tenancy and a mix of HUD-VASH and market-rate residents. The property currently generates approximately $92,700 in annual gross income, with a 6.64 percent cap rate at the asking price of $1,049,000. Units are individually metered for water and electric, with tenants responsible for utilities. Select interior renovations were completed in 2025, and ownership reports consistent leasing demand through the HUD-VASH program. In addition to current income, the property offers expansion potential. Architectural plans are available for a proposed sixth unit beneath the existing second-floor apartment, and zoning permits up to seven total units, subject to buyer verification and applicable approvals. The seller is motivated and will consider discussing post-closing property management with the buyer, creating a turnkey opportunity for local and out-of-state investors alike. Tours are by appointment only. Please do not disturb tenants.

Key Features

• Built in 1955

Property Details

• Type: Single Family Home
• Year Built: 1955
• Lot Size: 0 sq ft
• Sq Ft: 3,686
• Price / Sq Ft: $285
• HOA: Contact Agent
• Bedrooms: 6
• Bathrooms: 0
• Feature: Built in 1955
• Status: Active
• MLS Number: MFR812217851
• Days on Market: 1
• Listed By: EXP REALTY LLC · Ramses Misel Trillos
• Zip Code: 32805