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Sold for $297,000 on 01/23/23
  • $297,000

    423 S Lee Ave, Orlando, FL 32805

    4beds
    2baths
    1,456sqft
    Duplex, Multi Family
    Built in 1989
    -- sqft lot
    $321,000 Zestimate®
    $204/sqft
    $1,797 Estimated rent

    Owner options

    List your home for rent

    $1,797/mo

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    $1,797/mo

    Rent Zestimate®

    Refinance and save

    $2,072/mo

    Est. payment

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    $2,072/mo

    Est. payment

    What's special

    If you are looking for a property that checks off the boxes for a sound investment, then this property needs to be at the top of the list. The first box is potential rental income. These units are currently below fair market value with long term tenants, but property potential rental based off local comps is $1,100 per unit. This delivers a solid cap rate today, with potential to be even better. This is an investor's dream. The next box that gets checked off is that of the property. This property is very special for the area. The duplex was built in 1989 with concrete block (most homes in area can be anywhere from 1920-1960), each unit has private driveway with chain link fenced yard on separate roads, and the interior floorplan is open with 2 bedrooms and a bathroom off the family space. This means you will get tenants easily, and they will want to stay. The last box that is checked is future potential. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF’s Downtown Campus, and Creative Village. This property is in an opportunity zone as well. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits. This property won't last long so do not sleep on this great opportunity. Call today to determine how you can add this property to your portfolio.

    Zillow last checked: 8 hours ago

    Listing updated: January 23, 2023 at 12:29pm

    Listing Provided by:

    Tim Veigle 407-399-0879,

    WATSON REALTY CORP 407-359-2300

    Bought with:

    Jason Hammer, 3470319

    THE FIRM RE

    Source: Stellar MLS,MLS#: O6076407MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Dishwasher, Refrigerator
    • Laundry: Outside
    Features
    • Living Room/Dining Room Combo
    • Has fireplace: No
    Interior area
    • Total structure area: 1,612
    • Total interior livable area: 1,456 sqft

    Property

    Parking
    • Parking features: Curb Parking, Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Sidewalk
    • Fencing: Fenced
    Lot
    • Size: 6,318 sqft
    • Features: City Lot, Level, Near Public Transit, Sidewalk
    Details
    • Parcel number: 352229534800131
    • Zoning: R-2B/T/PH
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Block, Concrete
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1989

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Water Available

    Community & neighborhood

    Location
    • Region: Orlando
    • Subdivision: MCFAULS SUB

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Road surface type: Paved, Asphalt
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    Estimated market value
    $321,000