803 N THORNTON AVENUE ORLANDO FL 32803 MLS #O6205210

803 N THORNTON AVENUE
ORLANDO, FL, 32803
$1,395,000
7 Beds
4 Baths
3,120 SqFt
0.19 Acres
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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
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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

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803 N THORNTON AVENUE
ORLANDO, FL