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.
- Price:
- $16,000,000
- Square Footage:
- 41,053
- Acreage:
- 0.66
- Year Built:
- 2006
- Listing ID #:
- MFRO6098483
- Street Address:
- 525 E Jackson St 28 Units
- City:
- Orlando
- State:
- Florida
- Postal Code:
- 32801
- County:
- Orange
- Community:
- Orlando
- Subdivision:
- Jackson
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Approximate Total Liveable Area:
- 41053
- Building Condition:
- Completed
- Building Faces:
- South
- Building Security:
- Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated Community, Key Card Entry, Secured Garage / Parking, Security Gate, Security Lights, Security System, Security System Owned, Smoke Detector(s)
- Ceiling Height:
- 10 To 15 Feet
- Construction Type:
- Block, Stucco
- Features:
- Bathrooms, Dumpsters, Elevator, Extra Storage, Fiber Optic Available, Furnished, Trash Removal, Waiting Room
- Flooring:
- Carpet, Ceramic Tile, Concrete, Laminate, Other, Tile, Tile, Vinyl
- Foundation:
- Block, Concrete Perimeter, Slab
- Number Of Units:
- 52
- Other Buildings:
- Garage(s), Storage
- Stories:
- 9
- Stories:
- Three Or More
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 41053
- Type Of Roof:
- Membrane
- Windows:
- Blinds, Double Pane Windows, Drapes, Impact Glass/Storm Windows, Insulated Windows, Rods, Shutters, Solar Screens, Window Treatments
- Year Built:
- 2006
- Net Operating Income:
- 840000
- Federal Flood Zone:
- X
- Lot Features:
- Central Business District, Corner Lot, City Limits, Near Public Transit, Neighbourhood, Retail Condo, Street Lights, Paved
- Lot Square Footage:
- 28749
- Road Frontage Type:
- Business District, City Street
- Road Type:
- Asphalt
- Total Number Of Lots:
- 28
- Use Restrictions:
- All Sides
- Community Features:
- Sidewalks
- Days On Market:
- 75
- On Market Date:
- 2023-03-23
- Originating Mls:
- Mfrmls
- Property Disclosures:
- Condominium Disclosure Available
- Terms:
- Cash
- Annual Association Fee:
- $215,507
- Association Fees Monthly Equivalent:
- $17,959
- Condo Owners Association Fees:
- $215,507
- Ownership:
- Condominium
- Property Taxes:
- $149,400
- Tax Year:
- 2022
- Number Of Offices:
- 2
- Pet Allowed:
- Yes - See Condo Docs
- Parking Description:
- Deeded, Lighted, Over 30 Spaces, Secured, Under Building
- Appliances:
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Cooling System:
- Central Air, Mini-Split Unit(s)
- Electricity:
- Generator, Separate Meters
- Utilities:
- Bb/Hs Internet Capable, Electricity Available, Emergency Power, Phone Available, Sewer Nearby
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: PRIME PROPERTIES INT'L LLC, 407-422-6194
