875 Miles Avenue Unit 4, Winter Park, FL 32789
- $2,925,000
- 18
- BD
- 18
- BA
- 1,852
- SqFt
- Sold Price
- $2,925,000
- List Price
- $3,150,000
- Status
- Sold
- Days on Market
- 124
- Closing Date
- Oct 25, 2024
- MLS#
- O6201347
- Property Style
- Multi-Family
- Year Built
- 2005
- Bedrooms
- 18
- Bathrooms
- 18
- Living Area
- 1,852
- Lot Size
- 2,701
- Acres
- 0.50
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Minnesota Condos
- MLS Area Major
- Winter Park
Property Description
Welcome to your income-producing oasis in the heart of Winter Park! These exclusive townhomes complex boasts six units, providing a rare opportunity for full control with no HOA fees. Each unit offers three bedrooms and two and a half bathrooms, fully upgraded to meet the highest standards of modern living, In addition 2 car garage , large upper patio and a fenced backyard. Recent renovations include a brand-new roof, redone in March 2021, ensuring durability and peace of mind for years to come. Select units feature new HVAC systems and water heaters, adding to the appeal of this investment opportunity. Strategically positioned, this property is a mere 5-15 minutes away from Downtown Orlando, the Mills District, and Downtown Winter Park, offering unparalleled convenience and access to the vibrant pulse of the city. Despite its prime location, all leases are currently under market value, presenting a promising chance to maximize returns. Currently fully occupied, these units offer below-market rents, making them an attractive proposition for investors seeking immediate cash flow. The updated interiors ensure tenant satisfaction and minimal maintenance, allowing you to build your portfolio effortlessly. Situated in the bustling Winter Park area, this property is surrounded by a myriad of shopping, dining, and entertainment options, catering to the diverse needs of tenants. Additionally, its close proximity to Rollins College adds to its appeal, attracting a steady stream of potential renters seeking convenience and quality living. Don't miss out on this exceptional opportunity to own six income-producing properties in one of Winter Park's most sought-after locations. Seize the chance to secure your financial future with this lucrative investment. Schedule a viewing today and experience the essence of effortless property ownership!
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Additional Information
- Taxes
- $4757
- Annual Gross Income
- 197400
- Community Features
- No Deed Restriction
- Zoning
- R-3
- Interior Layout
- Ceiling Fans(s), Crown Molding, PrimaryBedroom Upstairs, Stone Counters, Walk-In Closet(s), Window Treatments
- Interior Features
- Ceiling Fans(s), Crown Molding, PrimaryBedroom Upstairs, Stone Counters, Walk-In Closet(s), Window Treatments
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Exterior Features
- Balcony, Fence
- Roof
- Cement, Tile
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 5+ Car Garage
- Garage Spaces
- 12
- Flood Zone Code
- x
- Parcel ID
- 12-22-29-5678-00-040
- Legal Description
- MINNESOTA CONDOMINIUMS 7985/1590 UNIT 4
Listing courtesy of HPL REALTY INVESTMENTS. 321-945-2367
Selling Office: HPL REALTY INVESTMENTS.Mortgage Calculator
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