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4 unit Quadplex multifamily Central Florida 46 N Fairfax Ave 4 Unit Apartment Building $799,900 ($199,975/Unit) 7.88% Cap Rate Winter Springs, FL 32708
INVESTMENT HIGHLIGHTS
- 2020 Roof
- Individually Metered
- 2020 AC units
EXECUTIVE SUMMARY
Great investment opportunity in Central Florida—4-unit quadplex with each unit featuring 2 bedrooms, 1 full bath, and 1 half bath. Washe/Dryer hookups in every unit. Currently, one unit is rented at $1,450/month, while three units are vacant, offering room to increase rental income to the market rate of $1,600 per unit. Recent updates include a new roof (2020), new AC units (2020), new water heaters, and fresh paint in three units. Tenants pay their own water and electric utilities, with separate meters for each unit. This turn-key property provides a strong foundation for investors to add value and grow rental income. Currently the owner pays $7,000 annually for insurance.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $799,900 | Property Subtype | Apartment |
| Price Per Unit | $199,975 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.88% | Building Size | 4,212 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Zoning | R-3 - Multifamily 4 Units Quadplex | ||
| Price | $799,900 |
| Price Per Unit | $199,975 |
| Sale Type | Investment |
| Cap Rate | 7.88% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,212 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | R-3 - Multifamily 4 Units Quadplex |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Range
- Walk-In Closets
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | $1,500 | 909 |
PROPERTY TAXES
| Parcel Number | 34-20-30-507-1800-0020 | Total Assessment | $333,278 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
34-20-30-507-1800-0020
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$333,278 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4 unit Quadplex multifamily Central Florida | 46 N Fairfax Ave
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