$292,000
$299,999
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1548 8TH ST Orlando, FL 32820
5,650 SqFt
Key Details
Sold Price $292,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,650 sqft
Price per Sqft $51
Subdivision East Orlando Unrec
MLS Listing ID O5958745
Sold Date 10/04/21
Construction Status Inspections,Other Contract Contingencies
HOA Y/N No
Year Built 1975
Annual Tax Amount $6,000
Lot Size 2.480 Acres
Acres 2.48
Lot Dimensions 167X645
Property Description
ATTENTION ALL INVESTORS LOOKING FOR A MULTI FAMILY RENTAL
STARTING WITH 5 UNITS ON A SWEET 2.5 ACRES IN ORLANDO FL
CURRENTLY 5 UNITS ARE AS FOLLOWS
1 SOLID BLOCK DUPLEX{ 4BD 1BTH, 2BD 1BTH} 3000 SQ FT
1 WOOD FRAME DUPLEX {2BD 1BTH ,1BD 1BTH} 1100 SQ FT
1 WOOD FRAME SINGLE FAMILY. {1BD 1BTH} 900 SQ FT
CURRENT RENTAL FROM 3 UNITS IS $2500 {$1000+$1000+$500}
POTENTIAL RENT CAN BE $5200/MONTHLY AFTER RENOVATION
{1800+1200+800+700+700 = $5200}
ALL TENANTS ARE ON A MONTH TO MONTH BASIS
THE WOOD FRAME DUPLEX WILL BE DELIVERED VACANT
THE PROPERTY IS ZONED FOR A COMBINATION OF SFR AND MH
IN ADDITION TO THE 5 UNITS THE PROPERTY ALSO HAS 4 SHEDS WHICH ARE PERFECT FOR STORAGE ,RECREATION OR PARKING .
4 OUT OF 5 UNITS REQUIRE HEAVY RENOVATION ,
THEREFORE IF YOU ARE LOOKING FOR A FULLY RENOVATED MULTI FAMILY HOUSE ,THIS IS NOT THE RIGHT CHOICE ,
THE PROPERTY IS CURRENTLY ON 3 SEPTICS, ALL 3 HAVE BEEN PUMPED WITHIN A YEAR ACCORDING TO PRIOR OWNER
PLEASE KEEP IN MIND THAT THIS IS A 5 UNIT CASHFLOWING PROPERTY WHICH NEEDS SOME LEVEL OF RENOVATION AND HAS A HUGE POTENTIAL OF HIGHER RENTS, MORE UNITS AND LAND VALUE .
LOOKING FOR ONLY CASH , HARD MONEY BUYERS OR CONVENTIONAL
BUYERS AGENTS MUST DO THEIR OWN DUE DILIGENCE AND VERIFY INFORMATION.
Location
State FL
County Orange
Community East Orlando Unrec
Zoning R-T-2
Interior
Interior Features Ninguno
Heating Electric
Cooling Wall/Window Unit(s)
Furnishings Furnished
Fireplace false
Exterior
Exterior Feature Fence
Utilities Available Cable Available, Electricity Connected
Roof Type Membrane,Metal
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Construction Status Inspections,Other Contract Contingencies
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other, Private Financing Available
Listing Terms Cash, Conventional, Other, Private Financing Available
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE