447 N Shine Ave., Orlando, FL 32803

447 N Shine Ave., Orlando, FL 32803
Photo 1 of 1
$807,654
Sold on 1/16/19
Beds Baths Sq. Ft. Taxes Built
6 4.00 2,578 $6,426 1925
On the market: 0 days
View full details, photos, school info, and price history
SOLD DATA ENTRY ONLY: 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.
Listing courtesy of Katie Bray, MAINFRAME REAL ESTATE