$800,000
$875,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
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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