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415 - 419 S Parramore Avenue

Orlando, FL 32805
  • $899,000
  • STATUS: Active
  • ON SITE: 182 Days
  • MLS #: S5053848
UPDATED: 65 min ago
$899,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,835
    SQFT
  • $234
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

Located in progressive Downtown Orlando's Opportunity Zone at the heart of the City and the fast-growing Parramore area which is home to the new, massive Creative Village project, 415-419 Parramore Ave. is the lowest-priced commercial property portfolio (3 PROPERTIES PACKAGE INCLUDING 8 UNITS FOR ROOMING, DUPLEX AND RESTAURANT) in progressive downtown. Current renovations done over $50,000 worth: Rear roof, exterior paint, hallway paint, bathrooms, back fascia, new awnings renovated. Couple blocks from multi-million dollar Amway Arena and few steps away from Exploria Soccer Stadium, not to forget the Camping World Stadium football stadium and all other billion-dollar investments taking place in the Creative Village/ Downtown Orlando area (and luxury apartment across to be built following the City's future plans). This mixed property has: an 8-rooming house that makes $60000/year, a leased duplex (with 2x 1-bedroom units with huge parcel/backyard approx 50x50 ft attached) that makes $14100/year, in addition a restaurant making $9600/year on the first floor of the rooming house; producing a gross income $77780; net operating income $60880. Gross CAP RATE 8.20%. Insurance $5000. Parking for 6-12 cars, recent renovations include both bathrooms in the rooming house, porch and hallways, new carpet, new interior paint, SFH's roof fixed and new appliances. Recently the city awarded a grant to improve the property, primarily exterior. No longer doing Seller Financing.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-01-20T14:41:58.363.
www.thecurlingsgroup.com/homes/119533570
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415 - 419 S Parramore Avenue Orlando, FL 32805

  • Price: $899,000
  • Status: Active
  • On Site: 182 Days
  • Updated: 65 min ago
  • MLS #: S5053848
0
Beds
0
Baths
0
½ Baths
0.24
Acres
3,835
SQFT
$234
$/SQFT
1952
Built
Neighborhood:
Parramore
County:
Orange
Area:
Orlando/Washington Shores
Property Description
Located in progressive Downtown Orlando's Opportunity Zone at the heart of the City and the fast-growing Parramore area which is home to the new, massive Creative Village project, 415-419 Parramore Ave. is the lowest-priced commercial property portfolio (3 PROPERTIES PACKAGE INCLUDING 8 UNITS FOR ROOMING, DUPLEX AND RESTAURANT) in progressive downtown. Current renovations done over $50,000 worth: Rear roof, exterior paint, hallway paint, bathrooms, back fascia, new awnings renovated. Couple blocks from multi-million dollar Amway Arena and few steps away from Exploria Soccer Stadium, not to forget the Camping World Stadium football stadium and all other billion-dollar investments taking place in the Creative Village/ Downtown Orlando area (and luxury apartment across to be built following the City's future plans). This mixed property has: an 8-rooming house that makes $60000/year, a leased duplex (with 2x 1-bedroom units with huge parcel/backyard approx 50x50 ft attached) that makes $14100/year, in addition a restaurant making $9600/year on the first floor of the rooming house; producing a gross income $77780; net operating income $60880. Gross CAP RATE 8.20%. Insurance $5000. Parking for 6-12 cars, recent renovations include both bathrooms in the rooming house, porch and hallways, new carpet, new interior paint, SFH's roof fixed and new appliances. Recently the city awarded a grant to improve the property, primarily exterior. No longer doing Seller Financing.
Exterior Features

Carport Yn No Construction Materials Block Covered Spaces 0 Exterior Features Balcony Foundation Details Slab Lot Features City Lot Open Parking YN No Pool Private Yn No Road Surface Type PavedAsphalt Roof Built-UpShingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 4343 Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Yn No Flooring Carpet Heating Other Heating YN Yes Interior Features Ceiling Fans(S) Levels Two Sewer Private Sewer Water Source Private

Property Features

Annual Net Income 60880 Association Approval Required Yn No Association Yn No Cdd Yn No Community Features Airport/RunwayNone DPR No Flood Zone Code X Garage Yn No Lease Restrictions YN No Listing Terms CashConventionalPrivate Financing AvailableSpecial Funding New Construction Yn No Ownership Sole Proprietor Property Condition Completed Property Sub Type Multi-Family Realtor Info As-IsOwner Will Consider Financing Senior Community Yn No Special Listing Conditions None Tax Annual Amount 4981 Total Annual Fees 0 Total Monthly Fees 0 Utilities Private Zoning Ac1/T


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Keller Williams Legacy Realty.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-01-20T14:41:58.363.
 
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