***Do Not Disturb Tenants*** Value-Add Quadruplex in Prime Mills50 District! Investor’s dream in the heart of Orlando! Best zip code in Orlando! (Niche.com – 2024) This rare quadruplex, situated in the highly sought-after Mills50 District, offers a tremendous value-add opportunity with exceptional future potential. The property consists of two duplexes, each featuring 2 bedrooms and 1 bathroom. Three of the units have already been updated, providing immediate value, while still offering room to enhance the property’s overall return. Located in the vibrant and centrally positioned Mills50 District, this property benefits from being at the nexus of Orlando’s most dynamic neighborhoods. Just a stone’s throw away, you’ll find yourself in the midst of the eclectic Ivanhoe Village, the lively Milk District, and the charming Audubon Park. Whether your tenants are young professionals, families, or students, they will appreciate the quick access to all the popular districts. The easy access to I-4 and the 408 Expressway ensures smooth connectivity to all that Central Florida has to offer. Currently, the units are rented below market value, offering immediate rental income with the potential for substantial increases. This quadruplex represents an unbeatable opportunity for savvy investors looking to capitalize on the rapidly growing Orlando market with its A+ location and potential for significant rental income increases. ***Seller offering partnership for redevelopment***
Property Details
Price:
$1,150,000
MLS #:
O6241696
Status:
Active
Beds:
8
Baths:
4
Address:
1304 ALTALOMA AVENUE
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
JOSEPH SCHUNCK SUB
Neighborhood:
32803 – Orlando/Colonial Town
City:
ORLANDO
Listed Date:
Sep 17, 2024
State:
FL
Finished Sq Ft:
4,489
Total Sq Ft:
4,489
ZIP:
32803
Lot Size:
14,050 sqft / 0.32 acres (approx)
Year Built:
1962
Units:
4
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Units / Window Unit
Laundry Features
Other
Exterior
Construction Materials
Block
Exterior Features
Sliding Doors
Parking Features
Common, Covered
Roof
Shingle
Financial
Tax Year
2023
Taxes
$9,344
Map
Community
- Address1304 ALTALOMA AVENUE ORLANDO FL
- SubdivisionJOSEPH SCHUNCK SUB
- CityORLANDO
- CountyOrange
- Zip Code32803
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Courtesy of HOMEVEST REALTY. 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.
1304 ALTALOMA AVENUE
ORLANDO, FL
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