$297,000
$290,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,456 SqFt
SOLD DATE : 01/23/2023
Key Details
Sold Price $297,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $203
Subdivision Mcfauls Sub
MLS Listing ID O6076407
Sold Date 01/23/23
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1989
Annual Tax Amount $2,046
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Duplex
Property Description
If you are looking for a property that checks off the boxes for a sound investment, then this property needs to be at the top of the list. The first box is potential rental income. These units are currently below fair market value with long term tenants, but property potential rental based off local comps is $1,100 per unit. This delivers a solid cap rate today, with potential to be even better. This is an investor's dream. The next box that gets checked off is that of the property. This property is very special for the area. The duplex was built in 1989 with concrete block (most homes in area can be anywhere from 1920-1960), each unit has private driveway with chain link fenced yard on separate roads, and the interior floorplan is open with 2 bedrooms and a bathroom off the family space. This means you will get tenants easily, and they will want to stay. The last box that is checked is future potential. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF's Downtown Campus, and Creative Village. This property is in an opportunity zone as well. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits. This property won't last long so do not sleep on this great opportunity. Call today to determine how you can add this property to your portfolio.
Location
State FL
County Orange
Community Mcfauls Sub
Area 32805 - Orlando/Washington Shores
Zoning R-2B/T/PH
Interior
Interior Features Living Room/Dining Room Combo
Heating Electric
Cooling Central Air
Fireplace false
Appliance Built-In Oven, Dishwasher, Refrigerator
Laundry Outside
Exterior
Exterior Feature Fence, Sidewalk
Parking Features Curb Parking, Driveway
Utilities Available Cable Available, Electricity Available, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Near Public Transit, Sidewalk, Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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