447 N Shine Avenue
ORLANDO, FL 32803

Description

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 & Craigs 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. Don't miss this investor's dream! Call today for your private showing.

Details

MLS#O5571557
Sub-TypeResale
StatusActive
Year1925
Days On Site80

Features

SQ Feet2,578
Units4
Building(s)3

Market Activity 32803

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32803
Area32803 - Orlando/Colonial Town
Listing VS Median (in 32803)
Price:
$830,000
low | high
Med:
$357,000
100% of Average
SqFt:
2,578
low | high
Med:
1,684
84.678044996121% of Average
$ / SqFt:
$322
low | high
Med:
$221
81.242986667372% of Average
On Site:
80
low | high
Med:
43
100% of Average
Listing Updated: 06/20/2018
MLS Number: O5571557
Listing Provided By:
Katie Bray  of  MAINFRAME REAL ESTATE

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