Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
1985
Sq.Footage
2,906
One or more photo(s) has been virtually staged. 3 Orlando condos – $570K package deal, 7.5% cap rate, immediate cash flow! This listing is for all 3 units, owner will also consider individual unit sales. Turnkey Investment Opportunity Locations: * Pine Shadows Condominium – 3 units in different buildings (Kirkman Rd & Conroy Rd area, near Universal Parks). Occupancy: * All units currently occupied by tenants. * Self-managed by owners, ensuring a smooth transition for new ownership. Financials: Monthly Rental Income: $5,680; HOA Fees: $399 per unit ($14,364 annually); Insurance (all 3 units): $2,993 annually; Property Taxes 2025 (all 3 units): $8,101 annually; Net Operating Income (NOI): $42,702 / Cap Rate: ~7.5%. Property Details: * Unit Types & Sizes: 3 units – 2 bed / 2 bath STURDY CONCRETE CONSTRUCTION WITH GARAGE AND STORAGE, HUGE BALCONY! * Tenant Quality: Excellent tenants with proven reliability Investment Highlights: * Close to Universal Studios, the new Epic Universe Park, Millenia Mall, major employers, and attractions. * Turnkey investment — occupied units generating immediate cash flow. * Flexible investment strategy — owner-operated portfolio. * Bulk sale preferred, but individual unit sales will be considered. Additional Information: * A brochure is available — see attachment or contact your agent Addresses: * Pine Shadows: 4457 Pinebark Ave (Tenant is month to month), 4448 Pinebark Ave (lease expires in April 2026), 4379 White Pine Ave (lease expires 10/19/2025 and tenant will stay). FANTASTIC COMMUNITY & AMENITIES – WORRY-FREE LIVING! Pine Shadows HAS A HEALTHY HOA FINANCIALS and offers great amenities, including a swimming pool, racquetball, basketball, and tennis courts for an active lifestyle. THE HOA TAKES CARE OF MAJOR EXTERIOR MAINTENANCE, INCLUDING ROOF REPAIRS AND REPLACEMENTS (NEW ROOF IN 2022!), AC DUCTS(REPAIRS OR REPLACEMENT), INSIDE WALL PLUMBING REPAIRS AND OUTSIDE PEST CONTROL, ENSURING A HASSLE-FREE EXPERIENCE. PLUS, A FRIENDLY ON-SITE MANAGER KEEPS EVERYTHING IN TOP SHAPE. PRIME LOCATION! Conveniently located off Kirkman Road, just minutes from Universal Orlando, Valencia West Campus College, Millenia Mall, International Drive, Downtown Orlando, I-4, and the 408. * * Listing agent has ownership interest in the properties **
Features & Amenities
Interior
-
Other Interior Features
Walk-In Closet(s)
-
Total Bedrooms
6
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Breed Restrictions, Yes
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Balcony
-
Parking
Assigned, Covered, Driveway, Garage Door Opener, Guest, Attached
-
Patio and Porch Features
Covered, Porch, Screened
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Near Public Transit, Paved
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$570,000
-
Tax Amount
8101.0
-
Sq. Footage
2, 906
-
Price/SqFt
$196
HOA
-
Association
YES
-
Association Fee
$1,197
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Millennia Elementary
-
Middle School
Southwest Middle
-
High School
Dr. Phillips High
Property Features
-
Association Amenities
Basketball Court
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
0
-
Water Source
Public
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Location
County
Orange
Elementary School
Millennia Elementary
Middle School
Southwest Middle
High School
Dr. Phillips High
Listing Courtesy of Katie Holz, PA , EMPIRE NETWORK REALTY
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