ORLANDO DUPLEX SUBTO | TWO INCOME-PRODUCING UNITS | FURNISHED | $2,667 PITI

PROPERTY DETAILS

• Address: 1612-1614 Ferris Ave, Orlando, FL 32803
• Property Type: Duplex / Residential Income
• Units: 2
• Living Area: 1,825 sqft
• Building Area: 2,298 sqft
• Year Built: 1960
• HOA: No HOA
• Furnished: Yes
• Pool: No
• Lot Size: Approximately 6,381 sqft / 0.15 acres
• Zoning: R-2A / Residential 1-2 Family District

Public records and the current MLS confirm the property as a legal two-unit duplex.

UNIT CONFIGURATION

• Unit 1: 3 Bed / 1 Bath
• Unit 2: 2 Bed / 1 Bath
• Total: 2 separate units / 2 income streams

The current MLS reports the two units as a 3/1 and 2/1, which differs from the supplied combined 4-bed count.

PRICING

• Entry Fee: $117,100 + CC + TC
• Purchase Price: $127,100

SUBTO FINANCING

• Mortgage Balance: $606,900
• Interest Rate: 7.18%
• PITI: $2,667 / Month
• Total Monthly Payment: $2,667
• Balloon: Negotiable

PROPERTY CONDITION

Condition: Completed / move-in ready.

• Construction: Stucco
• Foundation: Slab
• Roof: Slate
• HVAC: Central heating and central air
• Flooring: Ceramic tile and luxury vinyl
• Laundry: Interior laundry with washer and dryer
• Parking: Driveway and 1-car carport
• Utilities: Public water and public sewer
• Exterior: Balcony

The property is currently marketed as a furnished, turnkey duplex suitable for immediate occupancy or rental use.

RENTAL POTENTIAL

• Estimated Average LTR: $2,663 / Month
• Estimated Average STR: $5,083 / Month
• Current MLS Rent - 3/1 Unit: $3,500 / Month
• Current MLS Rent - 2/1 Unit: $3,300 / Month
• Combined Current MLS Rent: $6,800 / Month

The current listing reports $74,221 annual net income for the multifamily property.

INVESTMENT HIGHLIGHTS

Two separate units under one acquisition.

Separate rental income streams.

3/1 + 2/1 unit configuration.

Furnished setup.

Turnkey rental configuration.

No HOA.

Central HVAC.

Public water and sewer.

Located near Lake Formosa, Harry P. Leu Gardens, Orlando Science Center and the Mills 50 area.

Assume the existing 7.18% note with no new bank qualifying.

$606,900 existing mortgage balance.

$2,667/month PITI.

Balloon is negotiable.

CONTACT

• Mike Graham
• NexKey Collective