The Lofts at Concord

807 E Concord St, Orlando, Florida 32803

100Units. om presents The Lofts at Concord, which is an 8 unit multifamily complex, built in 1925. The property is a mix of brick and wood construction with flat and pitched-shingled roofing. The complex consists of 3 buildings, two duplex and 1, quadplex, with a total of approximately 7,630 gross square feet and is situated on . 6 acres. The unit mix is 2 one bedroom one bath units and 6 two bedroom one bath units. The utilities are separately metered for electric, trash, and gas, paid for by the tenants. The landlord pays for water and common area electricity. Unit 809 has washer and dryer hook ups; all other units use an onsite laundry room. The units feature central air conditioning, hardwood floors, dishwashers, and granite countertops. The current mortgage Fannie Mae (non recourse, $980,000 balance, 5. 6% interested, due Sept 2028, 30 year amortization, monthly payments of approximately $5,558. 5) must be assumed by the buyer. Ideally located near Interstate 4 and The East-West Expressway. Under 5 minutes to Downtown Orlando. Under thirty minutes to The University of Central Florida’s Main Campus and Orlando International Airport. Thirty minutes to Disney. Year 1 Scheduled Income $148,800. Year 1 Cap Rate 7. %. Year 1 Cash-on-Cash 7. 6%. Year 1 NOI $110,560. Located near Downtown Orlando. Mortgage Must Be Assumed. Onsite Laundry Facility. Separately Metered for Electric and Gas. Updated Units. Fully Stabilized Asset. Desirable Unit Mix.

Contact

Broker or Owner Contact
Joe LaFleur
100 Units
617 E Colonial Dr
Orlando, Florida 32803
Phone: 1-4075041728
joe@100units.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1003CCE9-17CF-48D2-8302-EBED0ECD91DF
Building Size 1580
Site Size (acres)
Zoning R-2B/T/HP
Year Built 1958
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated 1975
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.551568
Longitude -81.367318
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider OUC
Gas On Site no
Gas Provider
Water On Site no
Water Provider OUC
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider