2 Beds
2 Baths
980 SqFt
2 Beds
2 Baths
980 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 980 sqft
Price per Sqft $581
Subdivision Pine Shadows Condominium
MLS Listing ID O6350242
Bedrooms 2
Full Baths 2
HOA Fees $399/mo
HOA Y/N Yes
Annual Recurring Fee 4788.0
Year Built 1985
Property Sub-Type Condominium
Source Stellar MLS
Property Description
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).
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 **
Location
State FL
County Orange
Community Pine Shadows Condominium
Area 32811 - Orlando/Orlo Vista/Richmond Heights
Zoning RES
Rooms
Other Rooms Storage Rooms
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom, Thermostat, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Laminate
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Balcony, Sliding Doors
Parking Features Assigned, Driveway, Garage Door Opener
Garage Spaces 1.0
Community Features Association Recreation - Owned, Clubhouse, Community Mailbox, Pool, Sidewalks, Tennis Court(s), Street Lights
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Amenities Available Basketball Court
Roof Type Shingle
Porch Covered, Porch, Screened
Attached Garage true
Garage true
Private Pool No
Building
Lot Description City Limits, Near Public Transit, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Millennia Elementary
Middle Schools Southwest Middle
High Schools Dr. Phillips High
Others
Pets Allowed Breed Restrictions, Yes
HOA Fee Include Pool,Escrow Reserves Fund,Maintenance Structure,Maintenance Grounds,Water
Senior Community No
Ownership Fee Simple
Monthly Total Fees $399
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
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