$1,200,000

Estimated payment $7,243/month

16 Beds
24 Baths
8,450 Sq Ft
$142 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

Southern Pines is a well-maintained two-story apartment community featuring 8 spacious townhome-style units. Each residence offers a 2-bedroom, 2.5-bath layout with living areas downstairs and private bedrooms upstairs, in-unit washer and dryer, full kitchens, and newer central A/C systems. Built in 1982 on just under half an acre, the property is separately metered for water and electric. Located directly across from the College of Central Florida and minutes from major retail and dining, Southern Pines benefits from strong rental demand and everyday convenience. With assigned parking, included lawn care and trash service, and a highly functional layout, the property presents a stable investment opportunity with long-term upside.

Listing Agent

Tito Urbano

FLORIDA REALTY INVESTMENTS Brokerage Phone: 407-207-2220 License #3470017 Listed on: 03/11/2026

FLORIDA REALTY INVESTMENTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,805

Year Built

  • Built in 1982

Home Design

  • 8,450 Sq Ft Home
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 24 Bathrooms

Additional Features

  • Laundry Room
  • 0.44 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 1 / D
  • Assessor Parcel Number 2346-004-013

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Sheltering Pines Ranches Subdivision

Building Details

  • Operating Expense $33,058
  • Gross Income $114,228

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,805

Year Built

Built in 1982

Lot Details

0.44 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family 5+
  • Construction Materials: Frame
  • Fireplace: No
  • Living Area: 8450
  • Lot Size Acres: 0.44
  • New Construction: No
  • Year Built: 1982
  • Lot Size Sq Ft: 19166
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Active
  • Street Direction: SW
  • Ownership: Fee Simple
  • Escrow City: Orlando
  • Escrow State: FL
  • Escrow Street Name: Delridge Ave
  • RATIO Current Price By Calculate: 142.01
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 407-207-2220
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Slab
  • Total Bedrooms: 16
  • Living Area Meters: 785.03

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12083C0516E

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R3
  • Parcel Number: 2346-004-013
  • Additional Parcels: No
  • Flood Zone Code: X

Multi Family

  • Gross Income: 114228
  • Number Of Units Total: 8
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 12804.88
  • Tax Block: D
  • Tax Book Number: F-056SHELTER
  • Tax Lot: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,805 $624,240 -- --
2024 $12,070 $572,220 -- --
2023 $11,322 $518,364 $0 $0
2022 $9,589 $471,240 $0 $0
2021 $8,936 $428,400 $52,764 $375,636
2020 $7,679 $428,400 $52,764 $375,636
2019 $7,110 $397,800 $12,415 $385,385
2018 $6,228 $342,720 $12,415 $330,305
2017 $5,803 $314,160 $12,415 $301,745
2016 $5,906 $314,160 $0 $0
2015 $5,424 $285,600 $0 $0
2014 $4,805 $269,280 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2026 03/11/26 For Sale $1,200,000 -- $142 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: TB8485579

Stellar MLS
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