804 W Concord St
Property Description
Rare opportunity to acquire a 5-unit multifamily investment in Downtown Orlando’s Creative Village area. The property consists of three buildings on approximately 0.46 acres and offers stable in-place cash flow with long-term tenancy and a mix of HUD-VASH and market-rate residents. The property currently generates approximately $92,700 in annual gross income, with a 6.64% cap rate at the asking price of $1,049,000. Units are individually metered for water and electric, with tenants responsible for utilities. Select interior renovations were completed in 2025 and ownership reports consistent leasing demand through the HUD-VASH program. In addition to current income, the property offers expansion potential. Architectural plans are available for a proposed sixth unit beneath the existing second-floor apartment, and zoning permits up to seven total units, subject to buyer verification and applicable approvals. The seller is motivated and will consider discussing post-closing property management with the buyer, creating a turnkey opportunity for local and out-of-state investors alike. Tours are by appointment only. Please do not disturb tenants.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,049,000 |
| No. of Units: | 5 |
| Average Occupancy: | 6.64 |
| Year Built: | 1955 |
| Lot Size: | 0.46 Acres |
| Opportunity Zone: | No |
| Price per unit: | $209,800 |
| Property Website | Click Here |
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