Orlando, FL 32805
- $800,000
- 7
- BD
- 5
- BA
- 3,142
- SqFt
- Sold Price
- $800,000
- List Price
- $875,000
- Status
- Sold
- Days on Market
- 69
- Closing Date
- Apr 10, 2024
- MLS#
- O6163580
- Property Style
- Multi-Family
- Year Built
- 1955
- Bedrooms
- 7
- Bathrooms
- 5
- Living Area
- 3,142
- Lot Size
- 19,907
- Acres
- 0.46
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Bellevue Add
- MLS Area Major
- Orlando/Washington Shores
Property Description
Dont' miss out on this Great Value Add Opportunity on this downtown Orlando multi-family 5 unit property. The below market rents and strong new construction development in the area make this a great investment property to add to your portfolio. Property is located adjacent to the new Creative Village Innovation District Development and the UCF- Valencia College downtown campus. There are 3 buildings with 5 total units and a 2 car garage. The large .46/acre lot gives you plenty of room to add additional units to the vacant part of the lot. The City of Orlando R-2B zoning allows up to 16 units/acre and up to 30 feet for building height. Major updates have been completed by the seller including electrical upgrades, HVAC systems and plumbing repipes with new meters for each unit and new lines to the units in 2011-2012. Front duplex the roof was installed in 2011. Rear duplex and garage apartment roofs were replaced in 2019 and 2018. Sturdy concrete block construction. Each unit has individually metered power, water and sewer. The 4 units in the 2 duplexes have ceramic tile floors and the garage apartment has wood floors. The great downtown location is a big positive for your tenants offering them access to public transportation options, plus they are only a few blocks to the Sunrail commuter rail station along with quick access to Interstate 4 and the 408 Expressway. 3 of the units currently have Government guaranteed rents to military veterans. The 2 car garage is not currently generating income and the owner has used it for storage. Seller is offering possible owner financing to qualified purchasers with a large downpayment. This great hard-to-find multi-family deal won't last long. Call today.
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Additional Information
- Taxes
- $5317
- Minimum Lease
- 8-12 Months
- Location
- City Limits, Level, Near Public Transit, Oversized Lot, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-2B/T/PH
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen
- Floor
- Ceramic Tile, Vinyl, Wood
- Utilities
- BB/HS Internet Available, Cable Available
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Mini-Split Unit(s)
- Exterior Construction
- Block, Wood Siding
- Exterior Features
- Other
- Roof
- Other, Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 2 Car Garage
- Garage Spaces
- 2
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 26-22-29-0612-03-050
- Legal Description
- BELLEVUE ADDITION E/103 LOTS 5 & 6 & W1/2 OF LOT 4 BLK C
Listing courtesy of HOMEPRO PROPERTIES. 407-322-5956
Selling Office: TITAN REALTY GROUP LLC.Mortgage Calculator
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