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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $400
Subdivision Overstreet Oak Hill Sub
MLS Listing ID O6205210
Sold Date 09/13/24
Bedrooms 7
HOA Y/N No
Originating Board Stellar MLS
Year Built 1947
Annual Tax Amount $18,317
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.
Location
State FL
County Orange
Community Overstreet Oak Hill Sub
Zoning O-1/T
Interior
Interior Features Primary Bedroom Main Floor
Heating Central
Cooling Central Air
Flooring Wood
Fireplace false
Appliance Built-In Oven, Refrigerator
Laundry Common Area, In Garage
Exterior
Exterior Feature Sidewalk
Parking Features Assigned
Garage Spaces 4.0
Utilities Available Cable Connected, Electricity Connected
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Schools
Elementary Schools Audubon Park K8
High Schools Winter Park High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with DIAMOND REAL ESTATE GROUP