Four-Unit Apartment
For Sale
$895,000
745 EASY AVENUE, Orlando, FL 32805
A detached apartment property includes a separate parcel for vehicle parking and is undergoing renovation.
Property Size3,200 SF
Price / SF$279.69
Days on Market64
Property Features for 745 EASY AVENUE
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
16
Property subtype
Residential Income
Zoning
R-1/T/PH
Site & Location
Neighborhood
Lorna Doone
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,206
Amenities
Fence
Building Details
Building Size
3,200 SF
Year Built
1950
Buildings
1
Stories
2
Units
3
Listing Agency:
BEYCOME OF FLORIDA LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Frontlinefloridarealty
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 23 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BEYCOME OF FLORIDA LLC
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Investment Insights
Based on property information with market context.
This detached apartment property contains four units in a building constructed in 1950. The building measures approximately 3,200 square feet and is being renovated; the sale is on an as-is basis. The property also includes a second parcel used for parking, with space for 16 vehicles. No HOA is reported.
The property is located at 745 Easy Avenue in Orlando, Florida, near dining, shopping, and major roadways. Zoning is R-1/T/PH.
The property is located at 745 Easy Avenue in Orlando, Florida, near dining, shopping, and major roadways. Zoning is R-1/T/PH.
Key Highlights
- Four apartment units in a detached building
- Approximately 3,200 square feet; building area is approximate
- Separate parking parcel accommodates 16 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,399
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,980
$908.0K
Cap Rate 7%
$648,557
$648.6K
Cap Rate 9%
$504,433
$504.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$64.9K $20.27/SF
− OpEx
−$19.5K −$6.08/SF
NOI
$45.4K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,980
Cap Rate 7%
$648,557
Cap Rate 9%
$504,433
Alternative Uses
Best Use
Multifamily LT 5
$648.6K
$567.5K – $756.7K
NOI $45,399 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$592.4K
$518.4K – $691.2K
NOI $41,469 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.03M
$902.0K – $1.20M
NOI $72,158 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A detached apartment property includes a separate parcel for vehicle parking and is undergoing renovation.
Where is this quadplex located?
The property is located at 745 EASY AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four apartment units in a detached building; Approximately 3,200 square feet; building area is approximate; Separate parking parcel accommodates 16 vehicles
