200 & 200 1/2 HIBISCUS COURT ORLANDO FL 32801 MLS #O6132723

200 & 200 1/2 HIBISCUS COURT
ORLANDO, FL, 32801
$460,000
2 Beds
2 Baths
1,144 SqFt
0.07 Acres
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Creative Financing is available with large down payment. This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property’s value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it’s possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells.

Property Details

Price:
$460,000
MLS #:
O6132723
Status:
Active
Beds:
2
Baths:
2
Address:
200 & 200 1/2 HIBISCUS COURT
Type:
Multi Family
Subtype:
Duplex
Subdivision:
HIBISCUS COURT
City:
ORLANDO
Listed Date:
Aug 10, 2023
State:
FL
Finished Sq Ft:
1,144
ZIP:
32801
Lot Size:
3,160 sqft / 0.07 acres (approx)
Year Built:
1930
Units:
2
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Schools

Elementary School:
Lake Como Elem
Middle School:
Lake Como School K-8
High School:
Edgewater High

Interior

Appliances
Cooktop, Refrigerator
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Carpet, Ceramic Tile, Parquet
Heating
Electric

Exterior

Construction Materials
Wood Siding
Exterior Features
Courtyard, Garden, Storage
Roof
Shingle

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2022
Taxes
$3,925

Map

Community

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200 & 200 1/2 HIBISCUS COURT
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