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1140 S Parramore Ave
Orlando, FL 32805
Town Oaks Apartments Redevelopment Site · Multifamily Property For Sale · 8 Units

INVESTMENT HIGHLIGHTS

  • Current Zoning Allows For up to 21 units Per Acre (60 Units Total) – 40 Ft Max Height, 70 Percent Impervious Coverage
  • Potential for $1,100 Rent Per Unit On Existing 8 Units, $105,600 in Potential Annual Income
  • Property Located Near Downtown Orlando, Amway Center, and National Retailers Like Chipotle, Target and Publix
  • Multiple Value-Add Opportunities Including Stabilization of Current Property and Development of Additional Units
  • Property is in an Opportunity Zone - See Agent for Details

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 2.88 AC
Construction Status Demolished
Building Size 7,448 SF
No. Stories 2
Year Built 1986
Parking Ratio 2.69/1,000 SF
Zoning 1-R3B/T, County

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
35-2229-9651-00-010
Land Assessment
$1,278,000
Improvements Assessment
$0
Total Assessment
$1,278,000
  • Listing ID: 27163178

  • Date on Market: 11/21/2022

  • Last Updated:

  • Address: 1140 S Parramore Ave, Orlando, FL 32805

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