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Under contract-accepting backup offers. One or more photo(s) has been virtually staged. 3 Orlando condos - $568,500 package deal, 7.5% cap rate, immediate cash flow! This listing is for all 3 units, owner will also consider individual unit sales. Turnkey Investment Opportunity Locations: * Pine Shadows Condominium - 3 units in different buildings (Kirkman Rd & Conroy Rd area, near Universal Parks). Occupancy: * All units currently occupied by tenants. * Self-managed by owners, ensuring a smooth transition for new ownership. Financials: Monthly Rental Income: $5,680; HOA Fees: $399 per unit ($14,364 annually); Insurance (all 3 units): $2,993 annually; Property Taxes 2025 (all 3 units): $8,101 annually; Net Operating Income (NOI): $42,702 / Cap Rate: ~7.5%. Property Details: * Unit Types & Sizes: 3 units - 2 bed / 2 bath STURDY CONCRETE CONSTRUCTION WITH GARAGE AND STORAGE, HUGE BALCONY! * Tenant Quality: Excellent tenants with proven reliability Investment Highlights: * Close to Universal Studios, the new Epic Universe Park, Millenia Mall, major employers, and attractions. * Turnkey investment "” occupied units generating immediate cash flow. * Flexible investment strategy "” owner-operated portfolio. * Bulk sale preferred, but individual unit sales will be considered. Additional Information: * A brochure is available "” see attachment or contact your agent Addresses: * Pine Shadows: 4457 Pinebark Ave (Tenant is month to month), 4448 Pinebark Ave (lease expires in April 2026), 4379 White Pine Ave (lease expires 10/19/2025 and tenant will stay). Both tenants currently on month-to-month leases would love to stay. Seller is open to signing new one-year leases to ensure a smooth transition and peace of mind for the buyer. FANTASTIC COMMUNITY & AMENITIES - WORRY-FREE LIVING! Pine Shadows HAS A HEALTHY HOA FINANCIALS and offers great amenities, including a swimming pool, racquetball, basketball, and tennis courts for an active lifestyle. THE HOA TAKES CARE OF MAJOR EXTERIOR MAINTENANCE, INCLUDING ROOF REPAIRS AND REPLACEMENTS (NEW ROOF IN 2022!), AC DUCTS(REPAIRS OR REPLACEMENT), INSIDE WALL PLUMBING REPAIRS AND OUTSIDE PEST CONTROL, ENSURING A HASSLE-FREE EXPERIENCE. PLUS, A FRIENDLY ON-SITE MANAGER KEEPS EVERYTHING IN TOP SHAPE. PRIME LOCATION! Conveniently located off Kirkman Road, just minutes from Universal Orlando, Valencia West Campus College, Millenia Mall, International Drive, Downtown Orlando, I-4, and the 408. ** Listing agent has ownership interest in the properties **
| DAYS ON MARKET | 59 | LAST UPDATED | 12/4/2025 |
|---|---|---|---|
| TRACT | PINE SHADOWS CONDOMINIUM | YEAR BUILT | 1985 |
| COMMUNITY | 32811 - Orlando/Orlo Vista/Richmond Heights | GARAGE SPACES | 1.0 |
| COUNTY | Orange | STATUS | Pending |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Millennia Elementary |
|---|---|
| Jr. High School | Southwest Middle |
| High School | Dr. Phillips High |
| PRICE HISTORY | |
| Prior to Oct 22, '25 | $570,000 |
|---|---|
| Oct 22, '25 - Oct 31, '25 | $569,500 |
| Oct 31, '25 - Nov 6, '25 | $569,000 |
| Nov 6, '25 - Today | $568,500 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| AREA | 32811 - Orlando/Orlo Vista/Richmond Heights |
| CONSTRUCTION | Block, Stucco |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | Central, Electric |
| HOA DUES | 1197 |
| INTERIOR | Walk-In Closet(s) |
| LOT DESCRIPTION | Near Public Transit, Paved |
| PARKING | Assigned, Covered, Driveway, Garage Door Opener, Guest, Attached |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | PINE SHADOWS CONDOMINIUM |
| TAXES | 8101 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Katie Holz, PA, EMPIRE NETWORK REALTY, 407-440-3798
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/5/25 9:04 AM PST.
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