MLS® ID: S5011658
845 N MAGNOLIA AVENUE
ORLANDO, Florida, 32803 $1,100,000
M15 is a 4 story 15 unit multi-family residential project located at 845 N. Magnolia Ave at the corner of Magnolia Ave and Marks St. The project is intended to be a For Rent Apartment project however a For Sale Condo project is still a possibility. The project has six 2 bedrooms and nine 1 bedrooms along with 6 garage spaces and 6 surface spaces (12 spaces total). The project by code requires 15 spaces and therefore a parking deficiency (3 spaces) exists. This deficiency is being resolved by establishing a lease agreement for offsite parking at an adjacent property. The offsite parking lease shall run at least 5 years in duration per City of Orlando.
The parking is screened and secured for residents by a masonry wall and gate with public access to the building and the lobby entry on Marks St. Resident Amenities include a Level 1 Club room which also includes a Property Management space. In addition on Level 4 there is a sky deck with unobstructed views to downtown Orlando. Trash and Transformer and Back-Flow Preventer are all screened. All mechanical units for air conditioning shall be located on the roof which is accessed by the stair near Magnolia St.
With close proximity to downtown, the 19 story Wells Fargo Office Building, restaurants, coffee shops and other amenities it presents a great opportunity for a resident to leave their car behind and elect to walk or bike to work and social activities.