Commercial property in Orlando, Florida 8 bedrooms, 288 sq.m. № 1367682
1
ID1367682
$ 1 150 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
***Do Not Disturb Tenants*** Value-Add Quadruplex in Prime Mills50 District! Investor’s dream in the heart of Orlando! Best zip code in Orlando! (Niche.com - 2024) This rare quadruplex, situated in the highly sought-after Mills50 District, offers a tremendous value-add opportunity with exceptional future potential. The property consists of two duplexes, each featuring 2 bedrooms and 1 bathroom. Three of the units have already been updated, providing immediate value, while still offering room to enhance the property's overall return. Located in the vibrant and centrally positioned Mills50 District, this property benefits from being at the nexus of Orlando's most dynamic neighborhoods. Just a stone’s throw away, you'll find yourself in the midst of the eclectic Ivanhoe Village, the lively Milk District, and the charming Audubon Park. Whether your tenants are young professionals, families, or students, they will appreciate the quick access to all the popular districts. The easy access to I-4 and the 408 Expressway ensures smooth connectivity to all that Central Florida has to offer. Currently, the units are rented below market value, offering immediate rental income with the potential for substantial increases. This quadruplex represents an unbeatable opportunity for savvy investors looking to capitalize on the rapidly growing Orlando market with its A+ location and potential for significant rental income increases. ***Seller offering partnership for redevelopment***
MLS #: O6241696
Orlando - Statistics
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| Parameters | Orlando |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 1 933.00 |
| Apartment (1 bedroom) Outside of Centre | $ 1 727.58 |
| Apartment (3 bedrooms) in City Centre | $ 3 239.17 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 618.26 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 210.52 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 353.83 |
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| Parameters | Orlando |
|---|---|
| Crime Index | 49.47 |
| Cost of Living and Rent Index | 58.30 |
| Purchasing Power Index | 145.14 |
| Property Price to Income Ratio | 3.12 |
| Safety Index | 50.53 |
| Traffic CO₂ Index | 9558.27 |
| Traffic Inefficiency Index | 213.79 |
| Rent Index | 45.80 |
| Health Care Index | 60.90 |
| Groceries Index | 79.23 |
| Pollution Index | 34.90 |
| Traffic Commute Time Index | 36.34 |
| Restaurant Price Index | 76.24 |
| Climate Index | 87.23 |
| Cost of Living Index | 68.48 |
| Quality of Life Index | 185.35 |
| Traffic Index | 176.53 |
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| Parameters | Orlando |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 25.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 85.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 10.25 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 7.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.76 |
| Water (0.33 liter bottle) | $ 2.42 |
| Cappuccino (regular) | $ 4.98 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.15 |
| Loaf of Fresh White Bread (500g) | $ 3.64 |
| Eggs (regular) (12) | $ 4.18 |
| Local Cheese (1kg) | $ 12.41 |
| Water (1.5 liter bottle) | $ 2.10 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 2.04 |
| Imported Beer (0.33 liter bottle) | $ 3.39 |
| Cigarettes 20 Pack (Marlboro) | $ 9.00 |
| Apples (1kg) | $ 5.94 |
| Chicken Fillets (1kg) | $ 11.90 |
| Oranges (1kg) | $ 6.38 |
| Potato (1kg) | $ 3.33 |
| Lettuce (1 head) | $ 2.37 |
| Rice (white), (1kg) | $ 4.87 |
| Tomato (1kg) | $ 3.92 |
| Banana (1kg) | $ 2.02 |
| Onion (1kg) | $ 3.51 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 16.33 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.00 |
| Monthly Pass (Regular Price) | $ 50.00 |
| Gasoline (1 liter) | $ 0.91 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 31 406.50 |
| Taxi Start (Normal Tariff) | $ 2.90 |
| Taxi 1km (Normal Tariff) | $ 1.90 |
| Taxi 1hour Waiting (Normal Tariff) | $ 35.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 25 419.35 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 195.19 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 77.11 |
| $ 68.74 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 458.17 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.62 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 40.25 |
| Tennis Court Rent (1 Hour on Weekend) | $ 6.13 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 48.17 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 36.75 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 83.56 |
| 1 Pair of Men Leather Business Shoes | $ 108.25 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 175.00 |
| International Primary School, Yearly for 1 Child | $ 6 833.33 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityOrlando
Address1304 ALTALOMA AVENUE
TypeCommercial property
Bedrooms8
Living space288 m²
- m²
- sq. ft
Completion dateIV quarter, 1962
Parking places2
Parking typeCovered
Price
- Price
- per m²
$ 1 150 000
- EUR €
- USD $
- RUB ₽
- GBP £
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