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Live Oak Apartments 1123 Elmwood St 8 Unit Apartment Building $1,799,900 ($224,988/Unit) Orlando, FL 32801

EXECUTIVE SUMMARY
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!
PROPERTY FACTS
| Price | $1,799,900 | Building Class | C |
| Price Per Unit | $224,988 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 7,582 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2B/T, Orlando - R-2B/T/AN | ||
| Price | $1,799,900 |
| Price Per Unit | $224,988 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,582 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R2B/T, Orlando - R-2B/T/AN |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 2+1 | 4 | - | 814 |
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PROPERTY TAXES
| Parcel Number | 36-2229-1040-00-130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,058,993 |
PROPERTY TAXES
Parcel Number
36-2229-1040-00-130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,058,993
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Live Oak Apartments | 1123 Elmwood St
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