$795,000
$795,000
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5001 CINDERLANE Pkwy Orlando, FL 32808
2.54 Acres Lot
Key Details
Sold Price $795,000
Property Type Vacant Land
Sub Type Unimproved
Listing Status Sold
Purchase Type For Sale
Subdivision Rose Sharon
MLS Listing ID S5056579
Sold Date 04/29/22
HOA Y/N No
Annual Tax Amount $5,330
Lot Size 2.540 Acres
Acres 2.54
Lot Dimensions 385 x 225
Property Sub-Type Unimproved
Property Description
LOCATION LOCATION LOCATION!! Perfect opportunity for a MULTI – FAMILY project for investors and developers on 2.5 acres of a corner lot. This property is located CLOSE to the upcoming DR. PHILIPS PACKING DISTRICT, easy access to major roads, shopping and business district. Minutes from downtown.
The masterplan is approved for 53 apartments by the City of Orlando. The Preliminary Site and Building Design are complete. The average apartment rental rates in the area are $1800.00 for a three bedroom and $1600 for a two bedroom. It will be a great CASH COW for your portfolio.
Location
State FL
County Orange
Community Rose Sharon
Zoning R-3B/W
Exterior
Utilities Available Electrical Nearby, Water Nearby
Building
Lot Description Corner Lot
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Others
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with REALTY BROKERS OF FLORIDA, LLC