447 N SHINE AVE ORLANDO, FL 32803

0 Bedroom, 2,578 Sqft, Quadruplex

  • Quadruplex
  • 2,578 Sq Ft
  • 0
MLS: #O5571557
$830,000
Rate This Property:

Description

Own a piece of Orlando history & generate EXCELLENT income at the same time! BEAUTIFUL 1925 Spanish Colonial 4-PLEX located in DOWNTOWN Orlando. Highly sought after location. Only a short stroll to everything downtown has to offer! Situated on a large corner lot, this very rare, income producing property is located right across the street from the downtown Orlando YMCA. Property is comprised of 3 completely separate buildings containing 4 individual rental units. There are 2 completely separate 2 bed/1 bath original 1925 homes plus another separate building with 2 additional 1 bed/1 bath apartments. Each unit has its own PRIVATE outdoor space - a very rare find in small, multi-unit rental properties! There is on-site & off-site parking & no HOA. No detail was missed when this property was renovated. A few of the upgrades include: granite counter-tops, travertine floors, high-end stainless steel appliances, on-demand hot water heaters, double-pane energy efficient windows. Current annual income: $65, 400. The 2 apts are $100/month below market value & will increase on October 1st, increasing annual income to: $67, 800. All units receive multiple applications the same day the 'For Rent' ad hits Zillow & Craig’s List. PLEASE NOTE: Because this property only has 4 units, it can be financed using a standard, residential mortgage loan! No need for a complicated, commercial loan with high rates, prepayment penalties & short repayment terms. Don't miss this investor's dream! Call today for your private showing.

Property Features

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Approx Living Area SqFt: 2,578
  • Year Built: 1925
  • Exterior Description: Fenced, French Doors, Storage
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Cooling System: Central Air
  • Heating Fuel: Central
  • Utility Information: BB/HS Internet Available, Cable Available, Public
  • Flooring: Ceramic Tile, Travertine, Wood
  • Pets Allowed: No 0
  • County: Orange
  • Subdivision: SMEDLEYS REP
  • Association: None
  • Age Restricted: No
  • Annual Property Taxes: $6,426
  • Gross Operating Income: $65,400
  • Security Deposit: 0
  • Special Info: None

Location for 447 N Shine Ave Orlando, FL 32803


Directions to address

Heading north on mills make a right on Amelia. Home is on corner of Amelia and Shine.

Listing courtesy of MAINFRAME REAL ESTATE
© The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Brokers logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

If you have not account please register.

Forgot Your Password?

Enter your email address below to have your password sent to you.

New Visitor? Please Register
And you will be able to Save Listings so you can view them later!

Forgot Your Password?

Please enter your E-Mail and we'll send you an e-mail message with your password.

After registering you Will have unrestricted access to all properties on this website.

By registering to use this website, I agree to be contacted by a licensed Realtor regarding the purchase or sale of Real Estate.