Real Estate Investment Business For Sale
This turn-key business opportunity includes the following:
- 6 renovated residential income properties located in the coveted Lake Eola Heights Historic Neighborhood district of downtown Orlando:
- 1021 E. Amelia Street – 3 bedroom house
- 1023 E. Amelia Street – 1 bedroom townhome
- 811 E. Concord Street – 4-unit apartment building
- 811 1/2 E. Concord Street – 2-unit apartment building with 4-car garage
- 807-809 E. Concord Street – residential duplex
- 614 N. Eola Drive – residential duplex
- details for each of these properties can be found under the Rent Residential section of this website
- Meticulously maintained properties with excellent rental history
- Fully automated operation including secure-server website with online rental application and auto-draft rent collection’
- Owner financing available with 25% down
- Proven financial record
Annual Revenue and Expenses
Rent Income $ 141,960 100%
Property Tax $ 22,165 16%
Insurance $ 6,340 4%
Utilities / Lawn $ 3,844 3%
Maintenance – Materials $ 3,500 2%
Maintenance – Labor $ 2,200 2%
Management* $ 11,357 8%
Total Expenses $ 49,406 35%
Operating Expenses / Foot $ 5.58
Operating Expenses / Monthly Rent 35% 35%
Net Operating Income $ $ 92,554
Net Operating Income % of total 35%
Gross Rent Multiplier (FMV) 14.4
Heated Square Feet 8,848
Land Size (acres) 0.64
Total Annual Benefit including estimated appreciation $ 144,911
Property Tax Percentages of FMV 1.1%
3 comments
1 ping
Carli
June 11, 2011 at 5:58 PM (UTC -5) Link to this comment
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July 14, 2011 at 11:27 AM (UTC -5) Link to this comment
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October 16, 2011 at 10:18 PM (UTC -5) Link to this comment
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April 2, 2012 at 6:56 PM (UTC -5) Link to this comment
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