447 N Shine Ave, Orlando, FL 32803 - OrlandoRealEstateLink.com
Orlando Real Estate
Homes, Condos and Townhomes for Sale in Orlando, Florida
jennifer-cook-raul-aleman img-responsive
Orlando, FL
$830,000
INACTIVE
getinfo
An error occurred, please contact administrator or try again.
Details
List Price$830,000
Property IDO5572692
Bedrooms6
Property TypeSingle Family Home
Full Bathrooms4
Square Feet/m2 2,578 sq.ft. (240 m2)
StatusInActive
Description
Own a piece of Orlando history & generate EXCELLENT income at the same time! BEAUTIFUL 1925 Spanish Colonial 4-PLEX located in DOWNTOWN Orlando. Highly sought after location. Only a short stroll to everything downtown has to offer! Situated on a large corner lot, this very rare, income producing property is located right across the street from the downtown Orlando YMCA. Property is comprised of 3 completely separate buildings containing 4 individual rental units. There are 2 completely separate 2 bed/1 bath original 1925 homes plus another separate building with 2 additional 1 bed/1 bath apartments. Each unit has its own PRIVATE outdoor space - a very rare find in small, multi-unit rental properties! There is on-site & off-site parking & no HOA. No detail was missed when this property was renovated. A few of the upgrades include: granite counter-tops, travertine floors, high-end stainless steel appliances, on-demand hot water heaters, double-pane energy efficient windows. Current annual income: $65,400. The 2 apts are $100/month below market value & will increase on October 1st, increasing annual income to: $67,800. All units receive multiple applications the same day the 'For Rent' ad hits Zillow & Craig’s List. PLEASE NOTE: Because this property only has 4 units, it can be financed using a standard, residential mortgage loan! No need for a complicated, commercial loan with high rates, prepayment penalties & short repayment terms. Don't miss this investor's dream! Call today for your private showing.
This listing is courtesy of Stockworth Realty Group. Property Listing Data contained within this site is the property of Stellar MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
This listing is courtesy of Mainframe Real Estate. Property Listing Data contained within this site is the property of Stellar MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.