7601 Canada AveOrlando, FL 32819

Property Details for 7601 Canada Ave

Lot size

2.32 AC

Zone code

C-2

Property type

Land

Property subtype

Commercial land

APN

25-23-28-3459-00-001

APU

252328345900001

Description

This exceptional investment opportunity presents a two-unit, Class B multifamily property located in Orlando, Florida's vibrant International Drive tourist corridor. Built in 1999, this single-building, six-story property boasts a total of 1,084 square feet of net rentable space, currently operating at 73% occupancy. Each unit is fully furnished and features a complete kitchen, a pull-out couch with a TV in the living room, and a bedroom with two full-size beds. The property's prime location offers unparalleled access to major attractions, including Universal Studios, SeaWorld, and numerous restaurants and shops, all within a short distance. The proximity to the Orange County Convention Center and the high volume of tourism in the area contribute to strong rental demand and potential for significant rental income. The property is zoned for short-term rentals, providing flexibility for various rental strategies, including Airbnb. Historical sales data indicates comparable properties in the area have sold for significantly higher prices, suggesting strong potential for appreciation. This turnkey investment offers a compelling opportunity to capitalize on Orlando's thriving tourism market and generate substantial returns. The asking price is $115,999 per unit, or $231,998 for both. Financial performance data suggests a strong return on investment, with occupancy rates mirroring the overall market rebound. The property's location near major theme parks, the convention center, and other attractions ensures consistent demand and high occupancy rates. This is a rare opportunity to acquire a well-located, income-generating property in one of the nation's top tourist destinations.

• Alternative Use

  Use

  Valuation

  Residential

  $26,390,904

  Hospitality

  $24,173,926

  Educational

  $20,112,424

  Medical

  $20,804,120

  Retail

  $31,285,992

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.452

Longitude

-81.4674

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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