Looking for a multi-family property in the Orlando area
11 Replies | Orlando, Florida
Kelly Zingarelli
Rental Property Investor from Orlando, FL
posted over 3 years ago
Hi all-
I'm looking for an off-market multi-family property (at a good discount) in the Orlando area. I'm flexible on condition of the property; just no war zone areas. Would like to do a 1031 exchange to purchase. Anything out there that may meet the criteria?
Thomas Rutkowski
Financial Advisor from Boynton Beach, FL
replied over 3 years ago
Price range?
Kelly Zingarelli
Rental Property Investor from Orlando, FL
replied over 3 years ago
Hi Thomas - my max would be $325k (includes repairs)
Chris Grenier
Flipper/Rehabber from Orlando, FL
replied over 3 years ago
Not going to happen in Orlando at that price and those requirements
Alex Olmo
Specialist from Orlando, FL
replied over 3 years ago
2-4 unit?
Kelly Zingarelli
Rental Property Investor from Orlando, FL
replied over 3 years ago
Hi Alex, 2-4 unit works!
Alex Olmo
Specialist from Orlando, FL
replied over 3 years ago
Orlando 2-4 unit market is very strong. Deals are hard to come by.
Andrew Ashby
Property Manager, Broker, & Investor from Orlando, FL
replied over 3 years ago
Completely agree on the absence of cash flowing 2-4 units. Most of them aren't for sale, and those that are for sale are grossly overpriced. You'll have to look in neighboring counties: Polk, Osceola, Seminole, and Lake.
Erin Legler
Real Estate Agent from Orlando, FL
replied over 3 years ago
@Kelly Zingarelli PM me. I know of 4 off market multis. 1 quadplex, 2 triplex's and 1 duplex.
Kelly Zingarelli
Rental Property Investor from Orlando, FL
replied over 3 years ago
I will do that as soon as I get home tonight. Not seeing how to massage you from the mobile app 😊
Alex Olmo
Specialist from Orlando, FL
replied over 3 years ago
Jordan - can you send me you info