Orlando, FL 32805,Address not disclosed
Orlando, FL 32805,Address not disclosed
Orlando, FL 32805,Address not disclosed
Orlando, FL 32805,Address not disclosed
Orlando, FL 32805,Address not disclosed
Orlando, FL 32805,Address not disclosed
See all 25 photos

$800,000

$875,000

8.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7 Beds

5 Baths

3,142 SqFt


SOLD DATE : 04/10/2024

Key Details

Sold Price $800,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,142 sqft

Price per Sqft $254

Subdivision Bellevue Add

MLS Listing ID O6163580

Sold Date 04/10/24

Bedrooms 7

Construction Status Appraisal,Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1955

Annual Tax Amount $5,317

Lot Size 0.460 Acres

Acres 0.46

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.

Location

State FL

County Orange

Community Bellevue Add

Zoning R-2B/T/PH

Rooms

Other Rooms Garage Apartment

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen

Heating Central, Electric

Cooling Central Air, Mini-Split Unit(s)

Flooring Ceramic Tile, Vinyl, Wood

Fireplace false

Laundry None

Exterior

Exterior Feature Other

Garage Spaces 2.0

Utilities Available BB/HS Internet Available, Cable Available

Waterfront false

Roof Type Other,Shingle

Attached Garage false

Garage true

Private Pool No

Building

Lot Description City Limits, Level, Near Public Transit, Oversized Lot, Paved

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Wood Siding

New Construction false

Construction Status Appraisal,Financing,Inspections

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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Stellar MLS
Listed by HOMEPRO PROPERTIES
Bought with TITAN REALTY GROUP LLC

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Patricia Lugo

Broker Associate | License ID: 3036559

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