Performing Orlando Cash-Flow N Hart Blvd. Orlando, FL. 32818
This property is zoned for commercial assisted living but is being rented out on a per room basis. This property has 6 bedrooms, each occupied with on-time paying tenants who are all on a month-to-month contract. Each are paying well under market rate at $600/month. You could increase rents to $850 to bring in more income. All occupants share the 3 bathrooms, community living room, community kitchen, and community dining room.
Per the owner, the average monthly expenses are about $1,200/month. At the current rent you have an 8+% ROI. If you increase the rents you could have between 13%-14% ROI.