1304 Altaloma AveOrlando, FL 32803

Property Details for 1304 Altaloma Ave

Year built

1962

Property size (Sq ft)

4,489 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional value-add opportunity presents a four-unit multifamily property situated on a 14,050 sq ft lot in Orlando's desirable Mills50 District. The property, built in 1962, comprises two duplexes, each featuring two bedrooms and one bathroom, totaling 4,489 square feet. Three units have been recently updated, offering immediate income generation. The property boasts a 6.23% cap rate and a current NOI of $71,700, with 100% occupancy. Each unit includes two parking spaces. The asking price is $1,150,000 ($287,500 per unit, $256.18 per square foot). The property is zoned R-2A/T/SP and features 3,100 square feet of available air rights. Its prime location provides easy access to major roadways, including I-4 and the 408 Expressway, placing tenants within close proximity to Ivanhoe Village, the Milk District, and Audubon Park. Currently rented below market value, this property offers significant potential for rental income growth. The seller is open to partnership opportunities for redevelopment. Electric meters are separately metered for each unit. This concrete block construction offers a solid foundation for a strong return on investment.

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5626

Longitude

-81.3598

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].