Property Description

Rare cash cow investment opportunity in the quietest corner of Malibu Groves. Currently used as both a primary residence and transitional living center. The owner’s early retirement offers you the once in a lifetime chance to snatch up a going concern that’s generating $72,300 yearly gross, with only $16k in expenses. That’s an unheard of 12.5% cap rate, for a plug and play property that needs no repairs nor rehab… and one unit is still vacant. Impeccably maintained, with detailed service and expense records available to back up these claims. No licensing required for new owner to take over.
No HOA/CDD. CC credits and buy down rate options available. Accepting FHA/VA. Feel free to soft pitch offers to listing agent before writing anything up. Ask me anything, big or small. I’m happy to help. FULL 2.5% COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.

Features
: Central
: Central Air
: Wood
: Shingle
Additional Details
RICHARD PETERS REALTY LLC
KEVIOUS DOUGLAS
: Refrigerator, Range, Electric Water Heater
$0
: Wood Frame
2
East
From Spessard L. Holland East-West Expy: take exit 6 to N Pine Hills Rd. Turn right onto N Pine Hills Rd. Continue south for 0.1 miles. Property on your right.
: Lighting, Private Mailbox
: Carpet, Tile
: Slab
: Ceiling Fans(s), Eat-in Kitchen
: Common Area
: One
MFR261597622
MFR261597099
Active
30-22-29-2744-06-030
: Public Sewer
Active
FLEMING HEIGHTS
$1,091
2023
: Public
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Map Details
US
Florida
Orange
ORLANDO
PINE HILLS
372
ROAD
0
W82° 33' 7.7''
N28° 32' 47.7''
32811 - Orlando/Orlo Vista/Richmond Heights
N

$450,000

372 PINE HILLS ROAD
ORLANDO, Florida

7 Bedrooms
3 Bathrooms
1,980 Sqft
Listing ID #MFRT3530800
Basic Details
Property Type : Residential
Listing ID : MFRT3530800
Price : $450,000
Bedrooms : 7
Bathrooms : 3
Square Footage : 1,980 Sqft
Year Built : 2012
Lot Size : 6,101 Sqft
Property Sub Type : Single Family Residence
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