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1974 S GOLDENROD RD Orlando, FL 32822
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Key Details
Sold Price $362,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Orlando Terrace Sec 01
MLS Listing ID O5706770
Sold Date 04/18/19
HOA Y/N No
Annual Tax Amount $2,265
Lot Size 2.140 Acres
Acres 2.14
Lot Dimensions 443 x 363 x 560
Property Sub-Type Residential
Property Description
Land comes with Plans, Permits, and complete Pro-Forma for an income producing 27-Unit Apartment Building (All 2 bed 2 bath floor plans). Owner/Builder is ready to build for investors. Project stands to yield a 15% IRR, a 2.15 Equity Multiple, and will cashflow after year One. Builder is open to joint venture deals or selling the land outright and being hired as builder only. Located just minutes away from Orlando International Airport, University of Central Florida, and Valencia State College. The area around this property is booming with growth, including new residential and commercial projects indicating fantastic rental opportunities. Full market analysis and data available upon request.
Location
State FL
County Orange
Community Orlando Terrace Sec 01
Zoning R-3
Exterior
Utilities Available BB/HS Internet Available, Cable Available, Phone Available, Public, Sewer Available
Building
Lot Description Buildable
Lot Size Range Two + to Five Acres
Sewer Public Sewer
Water None
Schools
Elementary Schools Chickasaw Elem
Middle Schools Stonewall Jackson Middle
High Schools Colonial High
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with THE ANDERSON GROUP & CO PL