Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you’re a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.
Property Details
Price:
$1,395,000
MLS #:
O6205210
Status:
Active
Beds:
7
Baths:
4
Address:
803 N THORNTON AVENUE
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OVERSTREET OAK HILL SUB
City:
ORLANDO
Listed Date:
May 16, 2024
State:
FL
Finished Sq Ft:
3,120
ZIP:
32803
Lot Size:
8,124 sqft / 0.19 acres (approx)
Year Built:
1947
Units:
4
Schools
Elementary School:
Audubon Park K8
High School:
Winter Park High
Interior
Appliances
Built- In Oven, Refrigerator
Cooling
Central Air
Flooring
Hardwood
Heating
Central
Laundry Features
Common Area, In Garage
Exterior
Construction Materials
Block, Wood Frame
Exterior Features
Sidewalk
Parking Features
Assigned
Roof
Shingle
Financial
Buyer Agent Compensation
2.25%%
Tax Year
2023
Taxes
$18,317
Map
Community
- Address803 N THORNTON AVENUE ORLANDO FL
- CityORLANDO
- CountyOrange
- Zip Code32803
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Courtesy of DIAMOND REAL ESTATE GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
803 N THORNTON AVENUE
ORLANDO, FL
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