521 South Osceola Avenue
- A Class Location and B Class Property
- Value Add After a Decade of Ownership
- Existing Agency Assumable Loan of $700,000
- Concrete Block Construction
- One Block to Cherokee Lake
- Minutes to Downtown Orlando
Property Description
100Units.com presents Osceola Flats located in A class location in Downtown Orlando's Delaney Park neighborhood available for the first time in a decade. The value-add business plan for Osceola Flats includes painting the exterior of the building and renovating unit interiors: kitchen and bath upgrades, installing central AC systems, washer and dryers, and sliding barn doors. This property is offered at a significant discount to comparable properties in the market and replacement cost. Osceola Flats is a two 2-story concrete block building, with a flat roof and 16 parking spaces. All 12 units are 1 bed 1 bath apartments. The property's location benefits from proximity to major employers, including: AdventHealth Orlando, Orlando Health, Orange County administration, UCF Downtown Campus, Valencia Downtown Campus, and City of Orlando administration. Additional income opportunities include on-site laundry, preferred parking spaces, AC filter service, and pet rent. Situated just a block away from Cherokee Lake and mere minutes from Downtown Orlando, this property blends tranquility with urban accessibility. Existing assumable agency loan: $700,000 balance, 5.03% interest, 30 year amortization, $4,450 payments, balloon 4/1/2028.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,700,000 |
| No. of Units: | 12 |
| Average Occupancy: | 5.74 |
| Year Built: | 1969 |
| Lot Size: | 0.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $141,667 |
| Property Website | Click Here |
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Rick Recckio
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Josh A
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