803 N Thornton Avenue, Orlando, FL 32803
- $1,250,000
- 7
- BD
- 4
- BA
- 3,120
- SqFt
- Sold Price
- $1,250,000
- List Price
- $1,395,000
- Status
- Sold
- Days on Market
- 67
- Closing Date
- Sep 13, 2024
- MLS#
- O6205210
- Property Style
- Quadruplex
- Year Built
- 1947
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 3,120
- Lot Size
- 8,124
- Acres
- 0.19
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Overstreet Oak Hill Sub
- MLS Area Major
- Orlando/Colonial Town
Property Description
Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.
/u.realgeeks.media/homesinorlando/NextHome-Neighborhood-Realty-Logo-Horizontal-OrangeOnWhite-Web-RGB.jpg){kind=logo}
Additional Information
- Taxes
- $18317
- Annual Gross Income
- 88200
- Community Features
- No Deed Restriction
- Zoning
- O-1/T
- Interior Layout
- Primary Bedroom Main Floor
- Interior Features
- Primary Bedroom Main Floor
- Floor
- Wood
- Appliances
- Built-In Oven, Refrigerator
- Utilities
- Cable Connected, Electricity Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Wood Frame
- Exterior Features
- Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 4 Car Garage
- Garage Spaces
- 4
- Garage Features
- Assigned
- Elementary School
- Audubon Park K8
- High School
- Winter Park High
- Flood Zone Code
- X
- Parcel ID
- 24-22-29-6492-04-180
- Legal Description
- OVERSTREET OAK HILL SUB F/17 LOT 18 BLKD
Listing courtesy of DIAMOND REAL ESTATE GROUP. 407-279-0448
Selling Office: DIAMOND REAL ESTATE GROUP.Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on