Edgewater Dr, Orlando, FL 32804

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10 Bed / 5 Bath  / 2,731 sqft / Built 1953

Purchase Price: $397,000

Rehab Level: Moderate

Construction: Block / Slab / Frame

Electrical Panel: Mixed Ages

Air Conditioner: Mixed Ages

Water Heater: Mixed Ages

Roof: Assume Replacement

Occupancy: Occupied - Vacant at closing

*Do not disturb occupants. Trespassing is a criminal offense. Why buy occupied properties? 

Rental

Purchase Price       397,000

Closing & Rehab      40,000

Rent 5,000 x 12         60,000

Tax & Insurance         8,000    

Est. ROI              12% w/ 40k Equity

Very unique opportunity to buy over half an acre zoned for professional office on Edgewater Dr. Currently there are 3 buildings on the property. A block on slab duplex and 2 other office buildings that are wood framed on slab. All could be used as residential rental or fully convert all to office rentals. You could also build a 12,000 sqft office building with current zoning. Over  25,000 cars a day drive by this location. Duplexes on small lots sell for around 350k in this area.