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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
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
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-2A/T/SP (Residential)
R-2A/T/SP (Residential)
  • Listing ID: 33220876

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 1304 Altaloma Ave, Orlando, FL 32803

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