$354,000
$460,000
23.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,144 SqFt
SOLD DATE : 07/16/2024
Key Details
Sold Price $354,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,144 sqft
Price per Sqft $309
Subdivision Hibiscus Court
MLS Listing ID O6132723
Sold Date 07/16/24
Bedrooms 2
HOA Y/N No
Originating Board Stellar MLS
Year Built 1930
Annual Tax Amount $3,924
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Creative Financing is available with large down payment. This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property's value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it's possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells.
Location
State FL
County Orange
Community Hibiscus Court
Zoning R-2B/T/HP
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo
Heating Electric
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile, Parquet
Fireplace false
Appliance Cooktop, Refrigerator
Exterior
Exterior Feature Courtyard, Garden, Storage
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Available, Water Connected
Roof Type Shingle
Porch None, Patio
Attached Garage false
Garage true
Private Pool No
Building
Entry Level Two
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Lake Como Elem
Middle Schools Lake Como School K-8
High Schools Edgewater High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Assumable, Cash, Conventional, Private Financing Available, Special Funding
Listing Terms Assumable, Cash, Conventional, Private Financing Available, Special Funding
Special Listing Condition None
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