$1,395,000 Price Analysis    ♡   Orlando, FL 32803 7 bed 4 bath 3,120 SqFt ($447/SqFt) 8,124SqFt lot. Built 1947 Listed 2024-05-16, Taxes $8,114 | Ⓧ USDA Ineligible due to price & location near Orlando |
Welcome to 803 N Thornton Ave
A prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transprtation, shopping centers, dining establishments and entertainment venues, residents have easy access to everything Downtown Orlando has to offer.
Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciat ion. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was released by Freddie Mac which allows investors to finance with 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.
Presented by Tiphany Weeks at
DIAMOND REAL ESTATE GROUP.
Property MLS #O6205210 from StellarMLS
Full Bathrooms: 4
Flooring: Wood
Refrigerator
Laundry Features: Common Area, In Garage
Heating Features: Central
Road Surface Type: Paved
Garage Spaces: 4
Parking Features: Assigned
Number of Lots: 1
Lot Size Square Feet: 8124
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
High School: Winter Park High
Map directions Map directions Map directionsTenant Pays: Electricity, Water
Source Listing Status: Active
County: Orange
Directions: Upon exiting I-4 East, merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles, then turn left onto N Thornton Avenue. You will find the triplex located on your right-hand side.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 32803 - Orlando/Colonial Town
Source Neighborhood: OVERSTREET OAK HILL SUB
Parcel Number: 24-22-29-6492-04-180
Postal Code Plus 4: 4037
Subdivision: OVERSTREET OAK HILL SUB
Township: 22
Zoning: O-1/T
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $165,588 + $268,092 $433,680 | $8,114 |
| 2021 | $147,046 + $243,720 $390,766 | $7,452 |
| 2020 | $150,088 + $243,720 $393,808 | $7,125 |
| 2019 | $117,883 + $241,689 $359,572 | $6,876 |
| 2018 | $119,192 + $230,153 $349,345 | $6,505 |
| 2017 | $120,256 + $209,193 $329,449 | $6,084 |
| 2016 | $120,640 + $203,100 $323,740 | $5,850 |
| 2015 | $58,507 + $178,728 $237,235 | $4,996 |
| 2014 | $unknown + $unknown $237,235 | $5,060 |
| 2013 | $unknown + $unknown $215,960 | $4,391 |
| 2012 | $unknown + $unknown $214,074 | $4,381 |
| 2011 | $unknown + $unknown $214,074 | $4,395 |
| 2010 | $unknown + $unknown $214,074 | $4,141 |
| 2009 | $unknown + $unknown $283,588 | $5,383 |
| 2008 | $unknown + $unknown $318,183 | $5,858 |
| 2007 | $unknown + $unknown $216,487 | $3,852 |
$1,395,000
StellarMLS
Sold 2022-10-17
$1,230,000
StellarMLS
Listed 2022-09-20
$1,249,995
StellarMLS
Listing removed 2022-03-24
$0
AppfolioUnits
Listed for rent 2022-03-22
$1,750
AppfolioUnits
Listing removed 2021-11-17
$1,000,000
StellarMLS
Sold 2021-11-15
$1,000,000
StellarMLS
Listed 2021-09-14
$1,000,000
StellarMLS
Listed 2021-09-14
$1,000,000
StellarMLS
Listing removed 2020-03-11
$0
AppfolioUnits
Listed for rent 2020-03-05
$1,295
AppfolioUnits
Listing removed 2019-02-07
$1,395
AppfolioUnits
Listed for rent 2019-01-30
$1,395
AppfolioUnits
Listing removed 2018-02-07
$1,350
AppfolioUnits
Listed for rent 2018-01-31
$1,350
AppfolioUnits
Sold 2005-01-26
$312,500
Public Record
Year Built: 1947
Building Area Source: Public Records
Building Area Total: 4576
Construction Materials: Block, Wood Frame
Foundation Details: Slab
Property Age: 77
Roof: Shingle
Cable Connected
Electricity Connected
Water Source: Public
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 | |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
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.