$295,000
$339,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed Orlando, FL 32805
2,950 SqFt
Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,950 sqft
Price per Sqft $100
Subdivision Dollins L J Sunset Park
MLS Listing ID O5826213
Sold Date 03/05/20
HOA Y/N No
Year Built 1966
Annual Tax Amount $2,902
Lot Size 10,454 Sqft
Acres 0.24
Property Description
Calling all investors! Don't miss the opportunity to add this gem to your investment portfolio! This two story quad plex features block construction with two units on the first floor and two units on the second floor. The property is a stones throw away from Camping World Stadium and the $8 million dollar Lake Lorna Doone Park renovation adding long-term value to this property! The property has had only one owner since 1994 and there are no issues that would affect the title. All four units are rented with 2 units having a one year lease and two units having 2 year leases! All tenants have been leasing for 10 years or more creating stable and long-term income for their new owner. A new roof was installed about 5 years ago and all the kitchens in each unit received upgrades a few of years ago. Each bathroom was updated in November 2019 with a new tile floor, shower tiles, new toilets, vanities and new paint. All new exterior electrical panels were installed November 2019 along with new breaker boxes for all 4 exterior wall air conditioner units. The building received new paint, new exterior doors and updated exterior lighting around the property in November 2019. The current rental rate is slightly below market. The property is being sold As-Is. The electrical is metered separately for each unit! The water is currently not metered separately and the current owner pays for water usage. This property is turn key ready for its new owner!
Location
State FL
County Orange
Community Dollins L J Sunset Park
Zoning R-3B
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile, Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry In Kitchen
Exterior
Exterior Feature Fence, Lighting
Parking Features Open
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Sewer Connected, Street Lights
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Paved
Entry Level One
Foundation Slab
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Rock Lake Elem
Middle Schools Carver Middle
High Schools Jones High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with ROBINSON FORGES REALTY INT