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.
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
What's special
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#: O6076407
Originating 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