Orlando, FL 32805,423 S LEE AVE

$297,000

$290,000

2.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Blanca Iris Schneider

Blanca Iris Schneider

+1(863) 334-3411

Our team is ready to help you sell your home for the highest possible price ASAP


Stellar MLS
Listed by WATSON REALTY CORP
Bought with THE FIRM RE
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+1(863) 334-3411

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US Highway 27 S, Sebring, FL, 33876, USA

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