$807,654
$807,654
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6 Beds
4 Baths
2,578 SqFt
SOLD DATE : 01/16/2019
Key Details
Sold Price $807,654
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,578 sqft
Price per Sqft $313
Subdivision Smedleys Rep
MLS Listing ID O5757644
Sold Date 01/16/19
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1925
Annual Tax Amount $6,426
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Single Family Residence
Property Description
SOLD DATA ENTRY ONLY: 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.
Location
State FL
County Orange
Community Smedleys Rep
Zoning R-2A/T/HP
Interior
Interior Features Ceiling Fans(s), Crown Molding
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Flooring Tile, Travertine, Wood
Fireplaces Type Wood Burning
Fireplace true
Appliance Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Washer
Exterior
Exterior Feature Fence, French Doors, Irrigation System, Storage
Utilities Available Cable Available, Electricity Available, Sewer Connected
Roof Type Built-Up,Membrane
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Stucco,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with COLDWELL BANKER RESIDENTIAL RE
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