505-507 Jernigan Ave., Orlando, FL 32805

These units are currently below fair market value with long term tenants. Property potential rental based off local comps is $1,100 per unit. This property is close to the downtown area. Located on corner lot, the duplex was built in 1967 with concrete block and terrazzo floors. Roof replaced approximately 4 years ago. Property needs complete updating due to long term tenants who maintained their own unit for lower rent base. One unit still rented. The second unit is in the process of being cleared out. The interior floorplan is open with 2 bedrooms and a bathroom off the family space. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF’s Downtown Campus, and Creative Village. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits.