$1,395,000 pending
803 n thornton avenue, orlando, FL 32803
| Beds 7 | Baths 4 | 3,120 Sqft | 0.19 Acres |
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Property Description
Under contract-accepting backup offers. 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.
General Information
Sale Price: $1,395,000
Price/SqFt: $447
Status: Pending
MLS#: O6205210
City: orlando
Post Office: orlando
Schools: winter park high
County: Orange
Subdivision: overstreet oak hill sub
Acres: 0.19
Bedrooms:7
Bathrooms:4
House Size: 3,120 sq.ft.
Acreage: 0.19 est.
Year Built: 1947
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Paved
Construction: Block, Wood Frame
Exterior Misc: Sidewalk
Basement: No
Foundation : Slab
Appliances: Built-In Oven, Refrigerator
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $18,317
Legal Description: OVERSTREET OAK HILL SUB F/17 LOT 18 BLKD
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Tiphany Weeks of DIAMOND REAL ESTATE GROUP, Phone: 407-279-0448
