This is an Orlando Multifamily Property is which has sold and is Off-Market.
Contact us for similar Commercial Properties For Sale in Florida.
O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com
4149 East Michigan Street, Orlando, FL 32812 (Orange County)
Multifamily Property For Sale in Orlando
- Prices vary: $1,000,000 + for similar properties
- No. Units: 34
- Building Size: 18,346 SF
- Price per Unit: $52,000 estimated
- Property Type:Multifamily
- Property Sub-type: Garden – Low-Rise
- Property Use Type: Investment
- Cap Rate: 5.65% and up
- No. Stories: 1
- Year Built: 1980
Highlights of Multifamily Investment Property
- 97% Occupied
- Stabilized Community
- Quick commute to Downtown Orlando, MCO and Medical City at Lake Nona
Description of Apartment Buildings For Sale
This Commercial Property is surrounded by large oak trees. The Crossings at Conway offers the perfect environment for relaxed and carefree condo home living. The floor-plans are airy and expansive with villa like features, such as all one story buildings, large private screened porches and all the comforts of a Florida home. The gourmet kitchens come fully-equipped energy-saving appliances.
There were options with this Commercial Property for leasing and buying. The in-place annual rent is $266,016. Operating expenses including a 5% management fee, condominium association fees, real estate taxes and $150 per unit for interior maintenance reflect $105,987 annually. The resulting estimated net operating income equals $160,029. This portfolio is professionally owned and managed.
The Crossings at Conway is located north of the Orlando International Airport at the intersection of S. Conway Road and East Michigan Street a short distance to the Orlando CBD.
4149 East Michigan Street, Orlando, Florida 32812 (Orange County)
This information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals.The information here is provided for consumer personal, solely to identify potential properties for potential purchase.
Orlando Commercial Property 