Active

$1,300,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 3636 sq ft
Overview
  • ID: MFRO6417011
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 3636 sq ft
Property Details
Remarks
A Rare four-unit investment opportunity located in Downtown Orlando’s highly sought-after Lake Davis-Greenwood neighborhood, combining one fully renovated historic home with three newly constructed apartments on a single parcel. The property encompasses approximately 3,658 square feet and includes eight bedrooms, five bathrooms across four units, and one separately metered one-car garage accessed only from outside. Parking for tenants is convenient with 4 private parking spaces with guest parking off Catherine Street. Each unit features private washers and dryers and is designed to support premium rental rates and low-maintenance ownership. The property generates approximately $9,000 per month in gross rental income, or approximately $108,000 annually, with a diversified unit mix that creates multiple income streams and supports strong rental demand. The front residence, originally built in 1950 and extensively renovated in 2018, offers three bedrooms, two bathrooms, a flexible bonus room ideal for a home office, playroom, or guest space, and includes a natural gas range, on-demand gas hot water, and a gas dryer with a large master bedroom and walk-in closet. The rear building, newly constructed in 2023 with separate addresses for Units A, B, and C, includes a downstairs 2/1 apartment with a private backyard, an upstairs 2/1 fully furnished apartment with 12-ft ceilings, and an upstairs studio apartment, all featuring modern finishes and low-maintenance construction. The walkable location is near 903 Mills Market, Lake Davis, Greenwood Urban Park, Delaney Park, and Thornton Park, with convenient access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, Orlando City Soccer Stadium, and Downtown Orlando’s premier dining, entertainment, and employment centers. This property is ideal for investors seeking a turnkey asset or an owner-occupant looking to house hack, with strong potential for stable cash flow and long-term appreciation
Financial Considerations
Price:
$1,300,000
HOA Fee:
N/A
Tax Amount:
$10644
Price per SqFt:
$357.54
Tax Legal Description:
LAKE DAVIS HEIGHTS G/71 LOT 27
Exterior Features
Lot Size:
9910
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Electric
Cooling:
Central Air, Mini-Split Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1950
Construction Type:
Concrete, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Mailbox, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1505 CATHERINE ST
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