$460,000 Price Analysis    ♡   Orlando, FL 32801 2 bed 2 bath 1,144 SqFt ($402/SqFt) 3,160SqFt lot. Built 1930 Listed 2023-08-10, Taxes $3,924 | Ⓧ USDA Ineligible due to location near Orlando |
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 int 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 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 A irbnb, 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 fantastic 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.
Presented by Andres Ospina- Ecologic Team at
LPT REALTY LLC.
Property MLS #O6132723 from StellarMLS
Full Bathrooms: 2
Living Room/Dining Room Combo
Flooring: Carpet, Ceramic Tile, Parquet
Window Features: Blinds
Refrigerator
Heating Features: Electric
Garden
Storage
Road Surface Type: Paved
Lot Size Square Feet: 3160
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
High School: Edgewater High
Middle School: Lake Como School K-8
Map directions Map directions Map directionsSource Listing Status: Active
County: Orange
Directions: From I4 take Colonial East toward Highland Ave., make a right on Highland, Hibiscus is located on the west side or right side and is the first road after round about on Highland. Drive on Hibiscus and the home is on the left
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 32801 - Orlando
Source Neighborhood: HIBISCUS COURT
Parcel Number: 25-22-29-3540-02-121
Postal Code Plus 4: 1318
Subdivision: HIBISCUS COURT
Township: 22
Zoning: R-2B/T/HP
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $77,159 + $130,000 $207,159 | $3,924 |
| 2021 | $51,633 + $130,000 $181,633 | $3,583 |
| 2020 | $50,563 + $130,000 $180,563 | $3,317 |
| 2019 | $51,494 + $111,000 $162,494 | $3,178 |
| 2018 | $50,653 + $105,450 $156,103 | $2,986 |
| 2017 | $49,811 + $95,000 $144,811 | $2,768 |
| 2016 | $48,767 + $83,000 $131,767 | $2,569 |
| 2015 | $unknown + $unknown $105,756 | $2,410 |
| 2014 | $unknown + $unknown $96,142 | $2,213 |
| 2013 | $unknown + $unknown $87,402 | $1,818 |
| 2012 | $unknown + $unknown $86,674 | $1,813 |
| 2011 | $unknown + $unknown $89,785 | $1,882 |
| 2010 | $unknown + $unknown $112,883 | $2,288 |
| 2009 | $unknown + $unknown $143,240 | $2,857 |
| 2008 | $unknown + $unknown $189,444 | $3,661 |
| 2007 | $unknown + $unknown $193,529 | $3,588 |
$460,000
StellarMLS
Listing removed 2024-03-09
$465,000
StellarMLS
Listed 2024-03-05
$465,000
StellarMLS
Price Changed 2024-02-09
$465,000
StellarMLS
Price Changed 2023-11-28
$470,000
StellarMLS
Price Changed 2023-11-07
$475,000
StellarMLS
Price Changed 2023-10-24
$480,000
StellarMLS
Price Changed 2023-10-05
$485,000
StellarMLS
Price Changed 2023-09-20
$490,000
StellarMLS
Price Changed 2023-09-11
$495,000
StellarMLS
Listed 2023-08-10
$499,990
StellarMLS
Sold 2023-07-28
$320,000
MiamiMLS
Year Built: 1930
Building Area Source: Public Records
Building Area Total: 1569
Construction Materials: Wood Siding
Foundation Details: Crawlspace
Levels: Two
Property Age: 94
Property Condition: Completed
Roof: Shingle
Cable Available
Electricity Available
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.