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DESCRIPTION
The Jackson is a Boutique Mid-rise Condo Building Located in The charming Thornton Park Arts and Theatre District in Downtown Orlando Florida. Buy 28 condominiums in this 52 unit building as a legacy Downtown Orlando Multi Family Asset. After assembling 28 units this asset is available for sale for the first time. With over 41,000 square feet of Class A residential, make this the center piece of your muiti family portfolio. All 28 units are furnished and leased out producing a Net Operating Income of over $840,000.00 annually. This type of asset doesn’t present itself often. With apartment rents increasing, buy your Downtown Orlando Fractured condos today. The Hoa is in process of adding a gym for use of all owners and tenants, and is actively studying activating the 9th floor rooftop to add more value to this building. The sale includes a total of 61 bedrooms & 52 bathrooms, the 28 units consist of 16 two bedroom, 4 one bedroom, 7 three bedroom, and 1 four bedroom units. The location and walking score are unparalleled. You can easily walk to many of Downtown’s high end restaurants, the Dr Phillips Performing Arts Center, the Amway Arena, Lake Eola Park and of course all the nightlife. The Jackson is a 30 day minimum high end luxury rental community. All current leases in place are of 1-12 months and units have bigger footprint then most rental units in Orlando. Average unit is 1450 square feet. Each registered owner at the Jackson Is entitled to opt in for a First right of refusal on all future sales in the building. If any units are acquired by the new buyer there’s much more additional upside to be had. Buy your piece of Thornton Park by acquiring these 28 units at 525 E Jackson St.,
FEATURES- Building Area Total 41053
- City ORLANDO
- Community Features Sidewalk
- Construction Materials
Block
Stucco - Cooling
Central Air
Mini-Split Unit(s) - Cooling Yes
- Country US
- County Or Parish Orange
- Days On Market 137
- Direction Faces South
- Directions
From I-4 take 408 east
out at Mills exit toward South St
right at Eola Dr. left at Jackson St. - Electric
Generator
Separate Meters - Flooring
Carpet
Ceramic Tile
Concrete
Laminate
Other
Tile
Vinyl
Porcelain Tile - Foundation Details Slab
- Heating Yes
- Latitude 29
- Levels Three Or More
- List Price 16000000
- Living Area 41053
- Living Area Source Public Records
- Living Area Units Square Feet
- Longitude -81
- Lot Size Acres 1
- Lot Size Square Feet 28749
- Lot Size Units Square Feet
- M L S Area Major 32801 - Orlando
- Mls Status Active
- Number Of Units Total 52
- On Market Date 2023-03-23 00:00:00
- Original List Price 16000000
- Originating System Name stellar
- Other Structures
Garage(s)
Storage - Ownership Condominium
- Parcel Number 252229393200001
- Postal Code 32801
- Property Type Commercial Sale
- Road Surface Type
Asphalt
Paved - Roof Membrane
- Special Listing Conditions None
- Standard Status Active
- State Or Province FL
- Stories Total 9
- Subdivision Name JACKSON
- Unit Number 28 units
- Unparsed Address
525 E JACKSON STREET
ORLANDO FL 32801 - Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/stellar/O6098483
- Water Source None
- Window Features
Blinds
Drapes
Insulated Windows
Shutters
Solar Screens
Window Treatments
Rods - Year Built 2006
Zulma Hernandez
LISTING AGENT
Listing Provided by:
Nabeel Ansari
PRIME PROPERTIES INT'L LLC
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
