806 Palmer St

Orlando, FL 32801

Unique portfolio multifamily investment property opportunity up for sale. There is a duplex in the front and a single family home in the back. The buildings are 95% new construction completed 7/2023 and located off a quiet street 3 blocks south of downtown Orlando in the very sought after Lake Davis neighborhood. Each unit has separate water and electrical meters and features an open concept living room and kitchen. They are trimmed out with 9" Shaw Floorte PRO 7 floors, level 5 drywall finishing throughout, Mi Low E 6' or 5' tall double pane casement windows with sheer and blackout curtains, a multi-zone ceiling cassette mounted mini split AC system that can be set independently of each other, 4" Alexa controlled RGB recessed lights everywhere, Infinity quartzite natural stone countertop surfaces, 42" all wood soft closure shaker cabinets, calcutta marble or hexagonal porcelain tile backsplash, a convection oven and induction stovetop with a real vented hood, slim microwave, full size fridge with ice and water dispenser, a quiet dishwasher and disposal, farmhouse sink, an all stainless steel thermostatic shower head and wand, security system, Alexa controlled fans in both the living rooms and bedrooms, and a quiet one piece stacked washer and dryer, are wired for a 50 amp car charger plug, and have smart entry locks both front and rear. The front units have a covered front and rear porch and one parking space each in the back courtyard. The rear unit also features sequencing stair step lights, a 8'x16' balcony with Trex composite decking off the open concept living room / kitchen, and a one car garage with storage nook with an insulated garage door, jack shaft auto deadbolt locking garage door opener, and a 50 amp electric car plug. There is also a community 8' picnic table, grill area, and overhead string lights in the back. The front units get a secure 3'x8' storage room off the rear unit. These units aren't just pretty on the outside. The roof deck was suspended and EVERYTHING above and below was replaced! The roof has a peel and stick sealed roof deck with 30 year architectural shingles. All the wall framing, Adventech subfloor, rim beam, and most of the floor and ceiling joists are new. All the wood framing was sprayed with Bora-Care which termite proofed the entire structure. The dividing wall separating the two front units is insulated to a recording studio level with fire rated drywall, two layers of 1.25 lbs per sq ft mass loaded vinyl, Safe and Sound Rockwool between the studs, and putty pads surrounding all the receptacles. Fire and waterproof Rockwool R15 mineral wool was used in all other interior and exterior walls, fiberglass insulation in the floor and ceiling, and double the required by code hurricane ties were used. Every single electrical wire is new and the service line is now underground. All the plumbing is new PVC, PEX and even the sewer line was replaced. ZIP sheathing was used throughout with all the seams AND nail holes sealed. The Hardie plank was installed with a rain screen to provide a thermal break and additional insulation. Plus, a bug screen was used top and bottom, every gutter downspout is connected to a French drain, and wired with underground AT&T fiber internet. There is an hour long episode on A&E's Zombie House featuring this build. Currently, all three units are rented to professionals with one year leases netting $7,010. Please do not disturb the tenants. At today's interest rates on a 720K mortgage, the property will cash flow approximately $1,500 monthly while the property keeps appreciating in one of the more sought after neighborhoods of Orlando. If a buyer chooses to live in the back unit, he/she could AirBnB the front two units and potentially gross over 8K from the front two units while living rent free in the back unit. The property Fannie Mae bank appraised for 1.2 million mid 2023, and home prices in the downtown Orlando area have gone up 4-7 percent since then.