1313 39th St - Apartments FOR SALE


Orlando, FL 32839- Holden
$689,000 USD
407-453-6909
1313 39th St, Orlando, FL for Sale
$689,000 USD
Apartments - FOR SALE
1/13
null | 8.84% Cap Rate

1313 39th St
Orlando, FL 32839
Holden


HIGHLIGHTS

  • New roofs 2026 on all three buildings — minimal near-term roof capital exposure and favorable insurability.
  • Upgraded electrical panels 2026 across all units.
  • Interior renovations throughout — new kitchen cabinetry, flooring, and stainless appliances supporting achievable market rents.

OVERVIEW

INVESTMENT SUMMARY CourtFrank LLC is pleased to present 1313 39th Street, a fully-stabilized, five-unit multifamily asset strategically positioned in Orlando's high-growth Holden / SoDo submarket. The Offering represents a rare opportunity to acquire a turnkey, cash-flowing property with diversified unit mix, in-place income, and significant embedded upside — all at a basis well below recent appraised value. The asset comprises three structures on a 0.31-acre (13,497 SF) R-1A parcel, delivering a differentiated mix of two detached single-family-style residences (a 3BR/1BA and a 2BR/1BA) and three fully-renovated studio units. This configuration broadens the tenant pool, mitigates rollover risk, and supports durable, diversified cash flow across economic cycles. THE OFFERING Price: $689,000 Going-In Cap Rate: 8.8% (pro forma) Price / Unit: $137,800 Price / SF: $384 Net Rentable Area: 1,794 SF | Units: 5 FINANCIAL HIGHLIGHTS Gross Scheduled Income: $76,920 ($6,410/mo) Operating Expenses: $16,046 (taxes, insurance, utilities, 5% management) Net Operating Income: $60,874 Sold subject to existing tenancies — day-one income with no lease-up risk. INVESTMENT HIGHLIGHTS Priced ~14% below the January 2024 appraised value of $800,000, establishing an attractive cost basis and immediate equity cushion for the incoming investor. Recently renovated across the unit mix — reduced near-term capital exposure and deferred maintenance. Conservative underwriting — pro forma reflects achievable market rents with room to push on renewal and turnover, offering a clear path to yield expansion. Irreplaceable infill location with direct frontage access to S Orange Blossom Trail and immediate connectivity to I-4 (Exit 80). LOCATION & DEMAND DRIVERS Positioned minutes from Downtown Orlando's employment core and the I-4 corridor, the asset benefits from one of Central Florida's deepest and most resilient renter pools. The property sits under 10 minutes from Universal's Epic Universe expansion and approximately 30 minutes from Walt Disney World — anchoring sustained, year-round rental demand from the region's tourism, hospitality, and service economies. The surrounding Holden / Edgewood / SoDo corridor continues to attract private capital and infill development, driving rent growth and long-term appreciation. INVESTMENT THESIS 1313 39th Street offers investors a compelling combination of in-place yield, below-market basis, and organic upside in a supply-constrained, high-demand submarket. Whether acquired as a stabilized cash-flow vehicle or a value-add platform for continued rent optimization, the asset is well-positioned to deliver attractive risk-adjusted returns. Sale Type: Investment | Sale Conditions: None Offering memorandum, rent roll, and supporting financials available upon execution of confidentiality acknowledgment. All prospective purchasers to conduct independent due diligence.

FOR SALE DETAILS

PRICE

$689,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

5

PRICE/UNIT

$137,800

CAP RATE

8.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units Multifamily in Orlando Fl

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R-3

APN/PARCEL ID

03-2329-0183-13-200

ASK ABOUT THIS PROPERTY

Giovana Prado BarriosKaruna Buildings LLCMore Info
407-453-6909

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Giovana Prado BarriosKaruna Buildings LLCMore Info
407-453-6909

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