W Concord Apts

Description

Rare opportunity to acquire a 5-unit multifamily investment in Downtown Orlando’s Creative Village area. The property consists of three buildings on approximately 0.46 acres and offers stable in-place cash flow with long-term tenancy and a mix of HUD-VASH and market-rate residents.

The property currently generates approximately $92,700 in annual gross income, with a 6.64% cap rate at the asking price of $1,049,000. Units are individually metered for water and electric, with tenants responsible for utilities. Select interior renovations were completed in 2025 and ownership reports consistent leasing demand through the HUD-VASH program.

In addition to current income, the property offers expansion potential. Architectural plans are available for a proposed sixth unit beneath the existing second-floor apartment, and zoning permits up to seven total units, subject to buyer verification and applicable approvals.

The seller is motivated and will consider discussing post-closing property management with the buyer, creating a turnkey opportunity for local and out-of-state investors alike.

Tours are by appointment only. Please do not disturb tenants.

Positioned near Orlando’s 68-acre Creative Village innovation district, the property benefits from continued investment and development immediately west of Downtown Orlando. Phase I delivered nearly $700 million in investment, including UCF and Valencia College’s Downtown Campus, EA Orlando, Luminary Green, and significant multifamily and student housing. Current and future phases contemplate additional residential, commercial, office, hospitality and innovation uses, with the district’s master plan ultimately envisioning more than $2 billion in total investment and continued buildout beyond 2031. This ongoing development reinforces the area’s long-term potential as a growing mixed-use extension of Downtown Orlando.