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434 Ring Rd - FLU = LDR Potential for Industrial Approval 2 Unit Apartment Building Offered at $325,000 Orlando, FL 32811
INVESTMENT HIGHLIGHTS
- Current Future Land Use: LDR Low density residential
- 0.31 Acres
- Redevelopment/Investment site
- Industrial use very likely to be approved - Rezoning required
- 2 tenant occupied houses
- Near the 535 and Old Winter Garden Road -Orlando 32811
EXECUTIVE SUMMARY
Commercial Real Estate Professionals, Inc. and Mark Allen are pleased to offer this LDR/Industrial site for sale. The FLU for this parcel, 434 Ring Road, is LDR (Low Density Residential) which allows up to 4 dwelling units per acre. The Buyer can do a rezoning and FLU map amendment to switch the property to Industrial, and it would probably be successful given most of the block is already industrial (Per Orange County).
The site consists of a 3-bedroom, 1 bath house with a tenant whose lease will be expiring in February 2026 and a second 1 bedroom, 1 bath house on a month-to-month lease.
The buyer can determine if they want to keep the existing houses with tenants and structure new leases or demolish both houses for redevelopment as LDR or Industrial. The houses were built in the 1940s.
The site consists of a 3-bedroom, 1 bath house with a tenant whose lease will be expiring in February 2026 and a second 1 bedroom, 1 bath house on a month-to-month lease.
The buyer can determine if they want to keep the existing houses with tenants and structure new leases or demolish both houses for redevelopment as LDR or Industrial. The houses were built in the 1940s.
PROPERTY FACTS
| Price | $325,000 | Lot Size | 0.31 AC |
| Price Per Unit | $162,500 | Building Size | 1,866 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Zoning | ORG-R-1 - Future Land Use: LDR (Low-Density Residential) which will allow up to 4 dwelling units per acre. Industrial likely approved with rezoning. | ||
| Price | $325,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.31 AC |
| Building Size | 1,866 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Zoning | ORG-R-1 - Future Land Use: LDR (Low-Density Residential) which will allow up to 4 dwelling units per acre. Industrial likely approved with rezoning. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | 1,140 |
| 1+1 | 1 | - | 726 |
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434 Ring Rd - FLU = LDR Potential for Industrial Approval
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