1123 Elmwood St - Apartments FOR SALE


Orlando, FL 32801- Lake Davis
$1,799,900 USD
407-719-6550
1123 Elmwood St, Orlando, FL for Sale
$1,799,900 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1123 Elmwood St
Orlando, FL 32801
Lake Davis


OVERVIEW

Well-maintained 8-unit multifamily property in a desirable Orlando location. The building consists of four 1/1 units and four 2-bedroom units, featuring two distinct 2-bedroom layouts, providing a strong and diversified unit mix. Constructed of solid concrete block, the property has a new roof installed in 2024 and fresh interior paint, reflecting pride of ownership and limited near-term capital needs. The property is situated on a corner lot with excellent parking, including reserved spaces for all units: one space per 1/1 unit and two reserved spaces for each 2-bedroom unit, plus additional street parking along Elmwood. The two-story stacked flat layout includes clean, recently input a new stairwell and well-maintained common areas. The property benefits from a history of long-term tenants with minimal turnover, contributing to stable occupancy and consistent income. Located in an area known for excellent schools, the property experiences strong tenant demand and durability across market cycles. Current rents provide solid in-place income with potential upside, making this an ideal opportunity for an investor seeking a clean, stabilized small multifamily asset in a supply-constrained market. Cash buyers only!

FOR SALE DETAILS

PRICE

$1,799,900 USD

PRICE/SF

$237 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,988

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Live Oak Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,700 SF

ZONING

R2B/T, Orlando

APN/PARCEL ID

36-2229-1040-00-130

ASK ABOUT THIS PROPERTY

Patricia SullivanOlde Town BrokersMore Info
407-719-6550

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Patricia SullivanOlde Town BrokersMore Info
407-719-6550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.