1123 ELMWOOD ST, Orlando, FL 32801
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$ 1,890,000
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1123 ELMWOOD ST Orlando, FL 32801

6,025 SqFt


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Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Pending

Purchase Type For Sale

Square Footage 6,025 sqft

Price per Sqft $313

Subdivision Bungalow Park

MLS Listing ID O6394900

HOA Y/N No

Year Built 1966

Annual Tax Amount $17,397

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Under contract-accepting backup offers. Well-maintained 8-unit multifamily property in a desirable Orlando location. The building consists of four 1/1 units and four 2-bedroom units, featuring two distinct 2-bedroom layouts, providing a strong and diversified unit mix. Constructed of solid concrete block, the property has a new roof installed in 2024 and fresh interior paint, reflecting pride of ownership and limited near-term capital needs. The property is situated on a corner lot with excellent parking, including reserved spaces for all units: one space per 1/1 unit and two reserved spaces for each 2-bedroom unit, plus additional street parking along Elmwood. The two-story stacked flat layout includes clean, recently input a new stairwell and well-maintained common areas. The property benefits from a history of long-term tenants with minimal turnover, contributing to stable occupancy and consistent income. Located in an area known for excellent schools, the property experiences strong tenant demand and durability across market cycles. Current rents provide solid in-place income with potential upside, making this an ideal opportunity for an investor seeking a clean, stabilized small multifamily asset in a supply-constrained market. Cash buyers only!

Location

State FL

County Orange

Community Bungalow Park

Area 32801 - Orlando

Zoning R-2B/T/AN

Interior

Interior Features Living Room/Dining Room Combo

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Balcony, Courtyard, Dog Run, Fence, Lighting

Utilities Available Cable Connected

Roof Type Membrane

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools Blankner Elem

High Schools Boone High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None


Stellar MLS
Listed by Patricia Sullivan OLDE TOWN BROKERS INC

NEARBY SCHOOLS & PROPERTIES

Luis A Rivera Colón

Luis A Rivera Colón

Realtor®

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1123 ELMWOOD ST