721 Seminole Avenue, Orlando, FL 32804
- $500,000
- 4
- BD
- 3
- BA
- 2,095
- SqFt
- Sold Price
- $500,000
- List Price
- $525,000
- Status
- Sold
- Days on Market
- 9
- Closing Date
- May 29, 2026
- MLS#
- O6404692
- Property Style
- Single Family
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2,095
- Lot Size
- 9,150
- Acres
- 0.21
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Concord Park 1st Add
- MLS Area Major
- Orlando/College Park
Property Description
Dual-income opportunity in the heart of College Park - one of Orlando's most coveted neighborhoods. This rare offering features TWO completely separate residences on a single parcel: a 3-bedroom, 2.5-bathroom main home spanning 1,444 square feet with an in-unit laundry room and detached single-car garage, plus a fully independent 1-bedroom, 1-bathroom guest cottage at 651 square feet complete with a Florida room, in-unit laundry, and covered carport. NEWER ROOFS on both homes 2022. NEWER AC SYSTEMS on both homes 2023. Two addresses, two income streams, one investment. The property is zoned ORL-R-2B/T, a designation that permits up to two accessory dwelling units and one is already built and income-producing. Current market rent comps support $2,650–$2,850/month for the main house and $1,550–$1,750/month for the cottage, putting combined gross rental income in the range of $4,200–$4,600/month - over $50,000 in potential annual gross rents. This is in a neighborhood where median home values have climbed to nearly $718,000 and rents continue to appreciate. Whether you lease both units immediately or occupy one and offset your mortgage with the other, the numbers work from day one. Location is the long-term thesis. College Park's tree-lined streets and walkable Edgewater Drive corridor draw professionals, healthcare workers, and young families who pay a premium for in-town living and stay. AdventHealth's major campus is nearby, downtown Orlando is five minutes away, and I-4 access is immediate. Vacancy risk in this submarket is structurally low. Demand is consistent. New lots with this kind of zoning flexibility simply aren't being created. Opportunities to acquire two rentable structures on one parcel in College Park are extraordinary. Don't miss it.
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Additional Information
- Taxes
- $8863
- Minimum Lease
- No Minimum
- Location
- Sidewalk, Street Brick
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-2B/T
- Interior Layout
- Thermostat, Vaulted Ceiling(s)
- Interior Features
- Thermostat, Vaulted Ceiling(s)
- Floor
- Ceramic Tile
- Appliances
- Dishwasher, Range, Refrigerator
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Courtyard
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Carport, 1 Car Garage
- Garage Spaces
- 1
- Garage Features
- Garage Faces Side, Oversized, Workshop in Garage
- Garage Dimensions
- 22x14
- Flood Zone Code
- X
- Parcel ID
- 23-22-29-1602-02-030
- Legal Description
- CONCORD PARK 1ST ADDITION F/11 LOT 3 BLKB
Listing courtesy of PROPERTY LOGIC RE. 407-909-3436
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