415-419 Parramore Ave Orlando,, FL 32805

Facts

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Located in Downtown Orlando, at the heart of the City and the fast-growing Parramore area, this is the lowest-priced commercial property portfolio (3 PROPERTIES PACKAGE INCLUDING 8 UNITS FOR ROOMING, DUPLEX AND RESTAURANT) in progressive downtown. Close to the iconic multi-million dollar Amway Arena and the Exploria Soccer Stadium, not to forget the Camping World Stadium and all other billion-dollar investments taking place in the Downtown area (and luxury apartment across to be built following the City's future plans). This mixed property has: an 8-rooming house makes $54000/year, a leased duplex (with 2 1-bedroom units) males $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. CAP RATE 8.12%. 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. SELLER FINANCING AVAILABLE Seller finance up to 40% DP , 60% LTV, 6% interest, Balloon 5 yrs, 20 year amm, no prepay penalty.