Thank you
Ronald Fallows, Iii
LIFESTYLE INTERNATIONAL REALTY
305-809-8085
Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. Property Features: Mixed-Use Setup: Currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. Multiple Entrances: The main house boasts convenient access points, including a front door, rear primary suite entrance, and outdoor stairs to the second floor, providing flexibility for rental configurations. Expansion Potential: With an additional 1000+ square feet upstairs, envision the possibility of creating extra rental units or expanding existing ones, enhancing revenue streams. Strategic Location: Situated on a generous 0.32-acre lot behind a commercial plaza, this property is a short drive from downtown Orlando, with easy access to major thoroughfares like I4 and mere minutes away from ORMC. Income Projection: Currently generating $4000/month, the property has the potential to yield up to $6000/month with updated rents and full occupancy, offering a gross yearly income of $72,000. Financial Benefits: With a renovated upstairs, the pro forma income could soar to $8600/month, resulting in a gross income of $103,000 and offering a solid 7% cap rate, factoring in expenses and full occupancy with long-term leases. Plus, switching to a short/medium-term rental strategy could substantially increase returns. Ample Parking: The expansive lot accommodates multiple vehicles, ensuring convenience for both residents and visitors. Unique Charm & Versatility: Beyond its financial appeal, this property exudes character and versatility: Double Lot Potential: With a double lot, the possibilities are endless, whether you choose to expand the existing structures or explore new development opportunities. Flexible Layout: The main home features three bedrooms, two baths, and a charming blend of oak and pine wood flooring. Additionally, an unfinished upstairs offers the potential to add 2-3 more rooms, catering to diverse tenant needs. Income-Generating Extras: From studio apartments to a functional office space and additional amenities like a washroom and storage areas, every inch of this property is primed for revenue generation. Seller Financing: For qualified buyers, seller financing is on the table, with favorable terms including a 40% down payment, a maximum 5-year balloon, and competitive interest rates. Explore Your Options Today: Don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a myriad of options for maximizing returns. Schedule a viewing today and unlock the full potential of this prime Orlando gem!
Total Bedroom: 5
Total Baths: 4
Full Baths: 4
Accessibility Features, Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
Roof : Other, Shingle
Appliances : Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Laundry Features: Common Area, Electric Dryer Hookup, Outside, Washer Hookup
Other, Shingle
Flooring : Carpet, Terrazzo, Tile, Wood
Construction Materials : Cement Siding, Stucco
Heating: Central, Electric
Cooling: Central Air, Wall/Window Unit(s)
WaterSource: Public
Year Built: 1938
Awning(s), Courtyard, Lighting
Construction Materials: Cement Siding, Stucco
Foundation Details: Slab
Lot Square Feet: 13996
Lot Acres: 0.32
Lot Size (SqMt): 1300
Property Type: Residential
Sub Type: Single Family Residence
Original List Price: $950000
Tax Block: B
Tax Book Number: G-12
Tax Lot: 4
Tax Legal Description: JACOB A HOLLENBECKS SUB G/12 LOTS 4 & 5BLK B
Annual Tax: $8313.33
Tax Year: 2023
Parcel Number: 01-23-29-3688-02-040
Senior High School: Boone High
BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available
Sewer: Public Sewer
Water Source: Public
Subdivision: JACOB A HOLLENBECKS SUB
City: ORLANDO
Direction: Going north on Orange Avenue, TR on Kaley. TL at first street onto Hollenbeck Drive. Home will be on your left near the end of the road, prior to the curve.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3115 Albert Street, Orlando, FL,32806 | $705,000 | 5 | 3 | 2,947 | 0.4 Acre |
2100 E Grant Avenue, Orlando, FL,32806 | $480,000 | -- | -- | 12,717 | 0.29 Acre |
2602 Gowen Street, Orlando, FL,32806 | $425,000 | 3 | 3 | 1,406 | 0.13 Acre |
2404 Marzel Avenue, Orlando, FL,32806 | $380,000 | 3 | 2 | 1,458 | 0.23 Acre |
1017 E Kaley Street, Orlando, FL,32806 | $794,900 | 3 | 4 | 3,075 | 0.17 Acre |
2812 Keystone Drive #LO.., Orlando, FL,32806 | $1,082,000 | 5 | 3 | 2,713 | 0.26 Acre |
2816 Keystone Drive #LO.., Orlando, FL,32806 | $1,506,080 | 5 | 4 | 3,450 | 1.34 Acres |
2719 Keystone Drive, Orlando, FL,32806 | $684,000 | 4 | 3 | 2,354 | 0.16 Acre |
1710 Santa Maria Place, Orlando, FL,32806 | $1,779,000 | 4 | 4 | 3,530 | 0.29 Acre |
1721 Overlake Avenue, Orlando, FL,32806 | $417,500 | 3 | 2 | 1,524 | 0.25 Acre |
Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of theMFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Based on information submitted to the MLS GRID as of 05/07/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 05/07/2024 @ 06:20
MLS: MFRMLS #S5103857
LISTED BY: Ronald Fallows, III, LIFESTYLE INTERNATIONAL REALTY
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.