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$3,150,000   Price Analysis
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875 Miles Ave # 4
Winter Park, FL 32789
18 bed 18 bath 1,852 SqFt ($1700/SqFt)
2,701SqFt lot. Built 2005
Listed 2024-05-02, Taxes $4,436
Ⓧ USDA Ineligible
due to price & location

near Winter Park

Welcome to your income-producing oasis in the heart of Winter Park!

These exclusive townhomes complex boasts six units, providing a rare opportunity for full control with no HOA fees. Each unit offers three bedrooms and two and a half bathrooms, fully upgraded to meet the highest standards of modern living, In addition 2 car garage , large upper patio and a fenced backyard. Recent renovations include a brand-new roof, redone in March 2021, ensuring durability and peace of mind for years to come. Select units feature new HVAC systems and water heaters, adding to the appeal of this investment opportunity. Strategically positioned, this proprty is a mere 5-15 minutes away from Downtown Orlando, the Mills District and Downtown Winter Park, offering unparalleled convenience and access to the vibrant pulse of the city.

Despite its prime location, all leases are currently under market value, presenting a promising chance to maximize returns. Currently fully occupied, these units offer below-market rents, making them an attractive proposition for investors seeking immediate cash flow. The updated interiors ensure tenant satisfaction and minimal maintenance, allowing you to build your portfolio effortlessly. Situated in the bustling Winter Park area, this property is surrounded by a myriad of shopping, dining and entertainment options, catering to the diverse needs of tenants. Additionally, its close proximity to Rollins College adds to its appeal, attracting a steady stream of potential renters seeking convenience and quality living. Don't miss out on this exceptional opportunity to own six income-producing properties in one of Winter Park's most sought-after locations. Seize the chance to secure your financial future with this lucrative investment. Schedule a viewing today and experience the essence of effortless property ownership!


Presented by MOSHE SHEFFI at
HPL REALTY INVESTMENTS.
Listing Agent Photo

Property MLS #O6201347 from StellarMLS

Bedrooms: 18

Total Bathrooms: 18
Full Bathrooms: 18

Ceiling Fans(s)
Crown Molding
PrimaryBedroom Upstairs
Stone Counters
Walk-In Closet(s)
Window Treatments

Laundry Features: Laundry Closet

Cooling Features: Central Air
Heating Features: Central

Balcony
Fence
Road Surface Type: Asphalt

Attached Garage: Yes
Garage Spaces: 12

Lot Size Acres: 0.0620064
Lot Size Square Feet: 2701

Number of Buildings: 3
Number of Units: 6
Bedrooms in Unit-1: 3
Total Bathrooms in Unit-1: 3

Gross Income: 197400

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 4757.29
Source Listing Status: Active
County: Orange
Directions: From the I-4 eastbound, take the Fairbanks Exit and turn right. Then, make another right onto Orlando Ave, followed by a left onto Minnesota Ave. You'll find the townhomes on your left, consisting of three buildings.
Tax Year: 2023
Ownership: Condominium
Source Property Type: Residential Income
Area: 32789 - Winter Park
Source Neighborhood: MINNESOTA CONDOS
Parcel Number: 12-22-29-5678-00-040
Postal Code Plus 4: 4924
Subdivision: MINNESOTA CONDOS
Township: 22
Zoning: R-3
Property Features: Condo Fees: 0 null
Property Subtype: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$229,680 + $57,420
$287,100
$4,436
2021$229,680 + $57,420
$287,100
$4,528
2020$229,680 + $57,420
$287,100
$4,421
2019$229,680 + $57,420
$287,100
$4,684
2018$222,240 + $55,560
$277,800
$4,599
2017$214,800 + $53,700
$268,500
$4,506
2016$197,040 + $49,260
$246,300
$3,677
2015$unknown + $unknown
$177,381
$3,258
2014$unknown + $unknown
$161,255
$2,940
2013$unknown + $unknown
$146,595
$2,569
2012$unknown + $unknown
$146,864
$2,593
2011$unknown + $unknown
$215,500
$3,820
2010$unknown + $unknown
$212,420
$3,648
2009$unknown + $unknown
$279,500
$4,729
2008$unknown + $unknown
$337,000
$5,522
2007$unknown + $unknown
$346,800
$5,645

Relisted 2024-07-08
$3,150,000
StellarMLS
Listing removed 2024-06-03
$3,150,000
StellarMLS
Listed 2024-05-02
$3,150,000
StellarMLS
Sold 2016-02-08
$322,000
Public Record
Sold 2005-09-20
$403,300
Public Record

Total Square Feet Living: 1852
Year Built: 2005
Construction Materials: Block, Concrete, Stucco
Foundation Details: Slab
Property Age: 19
Roof: Cement, Tile

Sewer: Public Sewer
Public
Water Source: Public

AUDUBON PARK SCHOOL is a public elementary and middle school located approximately 2 miles away.
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Cornerstone Charter Academy High School is a public middle and high school located approximately 8.1 miles away.
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School for Young Performers FL is a private elementary, middle and high school located approximately 0.3 miles away.
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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.