Active

$375,000

Features:
  • 7 Bedrooms
  • 3 Bathrooms
  • 2516 sq ft
Overview
  • ID: MFRTB8375014
  • Bedrooms: 7
  • Bathrooms: 3
  • Size: 2516 sq ft
Property Details
Remarks
Three small rentals on a double lot. This Orlando property is rare: three homes on one double lot with R-2 zoning. Bustling area. Each unit has separate meters and upgraded electric panels. There are two sports arenas nearby. The prime location, near Amway Arena, Orlando Regional Medical Center, and the Amazon Warehouse, ensures strong rental demand. While the homes require significant work, debris clean-up, and lack HVAC, the current low rents present a substantial opportunity for increased income after renovations. Despite these drawbacks and the adjacent auto mechanic shop, the unique triplex configuration in a desirable location making this a compelling investment with significant upside potential for higher rental yields. This is a rare opportunity to acquire a multi-unit property in the highly sought-after Orlando hub. Per seller, potential commercial rezoning is possible.
Financial Considerations
Price:
$375,000
HOA Fee:
N/A
Tax Amount:
$2799
Price per SqFt:
$149.05
Tax Legal Description:
RIO VISTA J/138 LOTS 41 & 42
Exterior Features
Lot Size:
14352
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
7
Bathrooms:
3
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
No
Floor:
Carpet, Laminate, Tile
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1936
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    1529 INDIANA ST
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