Concord Apartments | 132 E Concord St
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Concord Apartments 132 E Concord St
8 Unit Apartment Building $1,400,000 ($175,000/Unit) Orlando, FL 32801
INVESTMENT HIGHLIGHTS
- The Concord Apartments allows investors to secure a renovated multifamily community with a year 1 scheduled income of over $152k.
- The community was renovated in 2024 with desirable modern features and fixtures, empowering a new owner's leasing efforts.
- ocated in Downtown Orlando, residents enjoy easy access to Interstate 4, area theme parks, golf courses, and the Orlando International Airport.
- Sits within walking distance of popular restaurants, including Takumi Ramen, Stemma Craft Coffee, Maki Hibachi, and The Tavern Bar & Tacos.
EXECUTIVE SUMMARY
100Units.com is delighted to invite qualified investors to discover the Concord Apartments, a vibrant eight-unit community with a prime location in Downtown Orlando, Florida. Extensive recent renovations and a first-year scheduled income of over $152,000 cements this as a truly turnkey investment.
The Concord Apartments comprises two 2-story buildings totaling approximately 2,941 gross square feet on an easily accessible 0.23-acre lot. The unit mix includes five studio units, two one-bedroom units, and one studio cottage. Residents’ rent includes all utilities, which are paid by the landlord. The community completed a significant renovation in 2024 and currently boasts refreshed exteriors, great landscaping, and updated interior fixtures.
The Concord Apartments are ideally located in Downtown Orlando, in the Lake Eola neighborhood. This exceptional position places residents just minutes from Interstate 4, the city’s renowned theme parks, lush golf courses, and the Orlando International Airport. Numerous popular restaurants are within walking distance of the community, including Maki Hibachi, New York Deli Subs, The Tavern Bar & Tacos, Takumi Ramen, Stemma Craft Coffee, and The Great Greek Mediterranean Grill.
Eola Heights features brick-paved streets shaded by oak trees and is a short walk to Lake Eola Park. It is also within walking distance of South Eola, which is a shopping, dining, and entertainment hub. These two very distinctive neighborhoods combine to provide the best of Orlando – natural beauty, history, fun events, and the Orlando Farmers Market. Eola Heights extends from East Colonial Drive to the north end of Lake Eola Park. South Eola is located on the southeast side of the lake and is the location of the farmers market, the Stardust Lounge, and the World of Beer.
The Concord Apartments comprises two 2-story buildings totaling approximately 2,941 gross square feet on an easily accessible 0.23-acre lot. The unit mix includes five studio units, two one-bedroom units, and one studio cottage. Residents’ rent includes all utilities, which are paid by the landlord. The community completed a significant renovation in 2024 and currently boasts refreshed exteriors, great landscaping, and updated interior fixtures.
The Concord Apartments are ideally located in Downtown Orlando, in the Lake Eola neighborhood. This exceptional position places residents just minutes from Interstate 4, the city’s renowned theme parks, lush golf courses, and the Orlando International Airport. Numerous popular restaurants are within walking distance of the community, including Maki Hibachi, New York Deli Subs, The Tavern Bar & Tacos, Takumi Ramen, Stemma Craft Coffee, and The Great Greek Mediterranean Grill.
Eola Heights features brick-paved streets shaded by oak trees and is a short walk to Lake Eola Park. It is also within walking distance of South Eola, which is a shopping, dining, and entertainment hub. These two very distinctive neighborhoods combine to provide the best of Orlando – natural beauty, history, fun events, and the Orlando Farmers Market. Eola Heights extends from East Colonial Drive to the north end of Lake Eola Park. South Eola is located on the southeast side of the lake and is the location of the farmers market, the Stardust Lounge, and the World of Beer.
PROPERTY FACTS
| Price | $1,400,000 | Building Class | B |
| Price Per Unit | $175,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/2024 |
| Apartment Style | Low Rise | Parking Ratio | 2.22/1,000 SF |
| Price | $1,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2024 |
| Parking Ratio | 2.22/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
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Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (89)
ZONING
| Zoning Code | R-2B/T/HP (Residential zoning district that allows for moderate density, suburban residential uses, and a limited number of commercial and institutional uses.) |
| R-2B/T/HP (Residential zoning district that allows for moderate density, suburban residential uses, and a limited number of commercial and institutional uses.) |
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Concord Apartments | 132 E Concord St
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