Osceola Flats 521 S Osceola Ave 12 Unit Apartment Building $1,700,000 ($141,667/Unit) 5.74% Cap Rate Orlando, FL 32801

100Units.com presents Osceola Flats located in A class location in Downtown Orlando's Delaney Park neighborhood available for the first time in a decade. The value-add business plan for Osceola Flats includes painting the exterior of the building and renovating unit interiors: kitchen and bath upgrades, installing central AC systems, washer and dryers, and sliding barn doors. This property is offered at a significant discount to comparable properties in the market and replacement cost. Osceola Flats is a two 2-story concrete block building, with a flat roof and 16 parking spaces. All 12 units are 1 bed 1 bath apartments. The property's location benefits from proximity to major employers, including: AdventHealth Orlando, Orlando Health, Orange County administration, UCF Downtown Campus, Valencia Downtown Campus, and City of Orlando administration. Additional income opportunities include on-site laundry, preferred parking spaces, AC filter service, and pet rent. Situated just a block away from Cherokee Lake and mere minutes from Downtown Orlando, this property blends tranquility with urban accessibility.
Existing assumable agency loan: $700,000 balance, 5.03% interest, 30 year amortization, $4,450 payments, balloon 4/1/2028.