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4845 S Orange Blossom Trail, Kissimmee, FL

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4845 S Orange Blossom Trail

Kissimmee, FL 34758-2035 - Osceola County MF Submarket

Property Type:Multi-Family Number of Units:18 Status:Existing Year Built:1972
Stories:1 Building Size:9,750 SF Land Area:7.44 AC (324,086 SF)
For Sale Price:$1,200,000 Price/Unit:$66,666.67 Cap Rate:11.00 % GRM:-


Sale Notes:
" Gross Revenue: $157,500/an
" NOI $132,867/an
Owners have kept some of the tenant rents below market (see attached Rent Roll). New owner will be able to raise these rents.
Park consist of:
" 8.5 acres
" 18-spaces
" 1-home
" Well & Septic
Zoning allows 8.5-spaces/acre. County will permit expansion with inclusion of City water and sewer hookup and road widening on property.
Property would also accommodate an RV/Boat storage business.
Note: Owner and Agent recommend consulting with the property zoning officials regarding any expansions or conversion plans for this property.
Assumable Mortgage/Note: Currently there is a note on the property provided by the prior owner. This note can be assigned to the new qualified purchaser:
" $375K Balance
" 5% Interest Rate
" 7 years left on balloon

CRES Corp International, LLC
Benny Spensieri
(813) 391-1545

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