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803 N THORNTON AVENUE

Multi-family For Sale
$1,395,000

BTC: 21.02850334

ETH: 391.18474295

29 days
7 bds
3,120 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Facts and features

Type:
Residential Income
Parking:
Assigned
Year Built:
1947
Lot:
0.19 Acres
Heating:
Central
Price/sqft:
$447
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Refrigerator

    Other interior features

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Parking

    • Assigned

    Property

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.19 Acres

    Other Property Information

    • Parcel Number: 242229649204180

    • Zoning: O-1/T

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $18,317

  • Source details

    • MLS ID: O6205210

    Other facts

    • Construction Materials: Block / Wood Frame

    • Foundation Details: Slab

    • Laundry Features: Common Area / In Garage

    • Garage Spaces: 4

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 3120

    • Water Source: Public

    • Subdivision Name: OVERSTREET OAK HILL SUB

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: DIAMOND REAL ESTATE GROUP