1304 Altaloma Ave
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1304 Altaloma Ave
4 Unit Block of Flats £902,071 (£225,518/Unit) 6.20% Net Initial Yield Orlando, FL 32803
Investment Highlights
- Updated
- Prime Location
- Tile Flooring
Executive Summary
Value-Add Quadruplex in Prime Mills50 District! Investor’s dream in the heart of Orlando! This rare quadruplex, situated in the highly sought-after Mills50 District, offers a tremendous value-add opportunity with exceptional future potential. The property consists of two duplexes, each featuring 2 bedrooms and 1 bathroom. Three of the units have already been updated, providing immediate value, while still offering room to enhance the property's overall return. Located in the vibrant and centrally positioned Mills50 District, this property benefits from being at the nexus of Orlando's most dynamic neighborhoods. Just a stone’s throw away, you'll find yourself in the midst of the eclectic Ivanhoe Village, the lively Milk District, and the charming Audubon Park. Whether your tenants are young professionals, families, or students, they will appreciate the quick access to all the popular districts. The easy access to I-4 and the 408 Expressway ensures smooth connectivity to all that Central Florida has to offer. Currently, the units are rented below market value, offering immediate rental income with the potential for substantial increases. The current rental rates are as follows: Unit 1: $1,250 (lease ends 2/28/25), Unit 2: $1,250 (lease ends 2/28/25), Unit 3: $1,075 (month-to-month), Unit 4: $875 (month-to-month). The new owner can expect considerable upside by bringing all units up to market value of at least $1,800, leading to increased cash flow. This quadruplex represents an unbeatable opportunity for savvy investors looking to capitalize on the rapidly growing Orlando market with its A+ location and potential for significant rental income increases.
Financial Summary (Actual - 2023) 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 (Actual - 2023) 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 | £902,071 | Building Class | C |
Price Per Unit | £225,518 | Lot Size | 0.32 AC |
Sale Type | Investment | Building Size | 4,489 SF |
Net Initial Yield | 6.20% | Average Occupancy | 100% |
No. Units | 4 | Number of Floors | 1 |
Property Type | Residential | Year Built | 1962 |
Property Subtype | Apartment | Parking Ratio | 0.45/1,000 SF |
Price | £902,071 |
Price Per Unit | £225,518 |
Sale Type | Investment |
Net Initial Yield | 6.20% |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.32 AC |
Building Size | 4,489 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1962 |
Parking Ratio | 0.45/1,000 SF |
Unit Amenities
- Tile Floors
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 1 | £1,412 | 775 |
2+1 | 1 | £1,412 | 775 |
2+1 | 1 | £1,412 | 775 |
2+1 | 1 | £1,412 | 775 |
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Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (88)
zoning
Zoning Code | R-2A/T/SP (Residential) |
R-2A/T/SP (Residential) |
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1304 Altaloma Ave
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