W Concord Apts
Rare opportunity to acquire a 5-unit multifamily investment in Downtown Orlando’s Creative Village area. The property consists of three buildings on approximately 0.46 acres and offers stable in-place cash flow with long-term tenancy and a mix of HUD-VASH and market-rate residents. The property currently generates approximately $92, 700 in annual gross income, with a 6.64% cap rate at the asking price of $1, 049, 000. Units are individually metered for water and electric, with tenants responsible for utilities. Select interior renovations were completed in 2025 and ownership reports consistent leasing demand through the HUD-VASH program. In addition to current income, the property offers expansion potential. Architectural plans are available for a proposed sixth unit beneath the existing second-floor apartment, and zoning permits up to seven total units, subject to buyer verification and applicable approvals. The seller is motivated and will consider discussing post-closing property management with the buyer, creating a turnkey opportunity for local and out-of-state investors alike. Tours are by appointment only. Please do not disturb tenants.
- Property type
- Multifamily
- Building size
- 3,686 SF GBA
- Lot size
- 0.46 acres
- Year built
- 1955
- Floors
- 2
- Occupancy
- 100%
- Zoning
- R-2B
- Cap rate
- 6.64%
- NOI
- $69,700