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.