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200 & 200 1/2 HIBISCUS COURT

Multi-family For Sale
$460,000

BTC: 7.00788143

ETH: 156.99658703

-$40K (2024/03/18)
280 days
2 bds
1,144 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Creative Financing is available with large down payment. This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property's value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it's possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1930
Lot:
0.07 Acres
Heating:
Electric
Price/sqft:
$402
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Parquet

    Heating

    • Electric

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Cooktop

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 2

  • Property

    • Levels: Two

    • Exterior Features: Courtyard / Garden / Storage

    Lot

    • Lot: 0.07 Acres

    Other Property Information

    • Parcel Number: 252229354002121

    • Zoning: R-2B/T/HP

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,924

  • Source details

    • MLS ID: O6132723

    Other facts

    • Construction Materials: Wood Siding

    • Foundation Details: Crawlspace

    • Patio And Porch Features: None / Patio

    • Window Features: Blinds

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1144

    • Water Source: Public

    • Subdivision Name: HIBISCUS COURT

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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: LPT REALTY