W Concord Apts
Income Producing Multifamily + Development Site | Zoned for 7 Units | Downtown Orlando
Marketing description
Rare opportunity to acquire a fully leased 5-unit income property on a 0.46-acre infill site near Downtown Orlando’s Creative Village with zoning that allows up to seven (7) units. The property currently operates as a 5-unit rental generating stable income while zoning allows for up to seven units, creating a clear path for additional density and future income growth.
Pricing Snapshot:
• Price: $1,100,000
• Price per current unit: $220K
• Price per potential unit (7): ~$157K
• Current NOI: ~$69,700
• Current cap rate at Asking: ~6.34%
Illustrative stabilized scenario:
• 2 additional units at ~$1,800/month
• Added annual revenue: ~$43,200
Ideal Buyer Profile:
• Multifamily investors seeking stable cash flow
• Developers looking for small infill density opportunities
• 1031 exchange buyers targeting income with upside
Buyer to verify zoning, development feasibility, and permitting requirements.
Seller is motivated and open to reviewing serious offers.
Tours are by appointment only. Do not disturb tenants.
Investment highlights
Located near Creative Village / Downtown Orlando
0.46-acre lot with zoning allowing up to 7 units
Projected NOI: ~$84,160 with rent alignment
Separately metered utilities (tenant-paid)
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