Seller Financing
Address
1814 Hollenbeck DRIVE, ORLANDO, FL
Price
$ 950,000
Property Attributes
- MLS#S5103857
- TypeSingle Family
- CountyORANGE
- CityORLANDO
- AreaOrlando-Delaney Park-Crystal Lake
- NeighborhoodJacob A Hollenbecks Sub
- Zip32806
- StyleSingle Family Residence
- Year Built1938
- Taxes$ 8313
- Price$ 950,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2889
- Lot Size0.32 Acres
Data Source:
Stellar MLS
Property Description
Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. Property Features: Mixed-Use Setup: Currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. Multiple Entrances: The main house boasts convenient access points, including a front door, rear primary suite entrance, and outdoor stairs to the second floor, providing flexibility for rental configurations. Expansion Potential: With an additional 1000+ square feet upstairs, envision the possibility of creating extra rental units or expanding existing ones, enhancing revenue streams. Strategic Location: Situated on a generous 0.32-acre lot behind a commercial plaza, this property is a short drive from downtown Orlando, with easy access to major thoroughfares like I4 and mere minutes away from ORMC. Income Projection: Currently generating $4000/month, the property has the potential to yield up to $6000/month with updated rents and full occupancy, offering a gross yearly income of $72,000. Financial Benefits: With a renovated upstairs, the pro forma income could soar to $8600/month, resulting in a gross income of $103,000 and offering a solid 7% cap rate, factoring in expenses and full occupancy with long-term leases. Plus, switching to a short/medium-term rental strategy could substantially increase returns. Ample Parking: The expansive lot accommodates multiple vehicles, ensuring convenience for both residents and visitors. Unique Charm & Versatility: Beyond its financial appeal, this property exudes character and versatility: Double Lot Potential: With a double lot, the possibilities are endless, whether you choose to expand the existing structures or explore new development opportunities. Flexible Layout: The main home features three bedrooms, two baths, and a charming blend of oak and pine wood flooring. Additionally, an unfinished upstairs offers the potential to add 2-3 more rooms, catering to diverse tenant needs. Income-Generating Extras: From studio apartments to a functional office space and additional amenities like a washroom and storage areas, every inch of this property is primed for revenue generation. Seller Financing: For qualified buyers, seller financing is on the table, with favorable terms including a 40% down payment, a maximum 5-year balloon, and competitive interest rates. Explore Your Options Today: Don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a myriad of options for maximizing returns. Schedule a viewing today and unlock the full potential of this prime Orlando gem!
| High School |
|---|
| Boone High |
| Price History | |
|---|---|
| 4/26/2024 | Listed $950,000 |
General Features
| Interior Features | Accessibility Features,Ceiling Fan(s),Primary Bedroom Main Floor,Thermostat |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric |
| Cooling | Central Air,Wall/Window Unit(s) |
| Utilities | BB/HS Internet Available,Cable Available,Electricity Available,Electricity Connected,Phone Available |
| Roof | Other,Shingle |
| Appliances | Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Microwave,Range,Range Hood,Refrigerator,Washer |
| Exterior Features | Awning(s),Courtyard,Lighting |
| Zoning | R-3A/T/SP |
| Construction Materials | Cement Siding,Stucco |
| Year Built | 1938 |
| Levels | Two |
| Property SubType | Single Family Residence |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Orange |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | JACOB A HOLLENBECKS SUB |
| Facing Direction | East |
| Garage Y/N | No |
| Total Rooms | 8 |
| Status | Active |
| Directions | Going north on Orange Avenue,TR on Kaley. TL at first street onto Hollenbeck Drive. Home will be on your left near the end of the road,prior to the curve. |
| High School | Boone High |
| City | ORLANDO |
| Buyer Agent Compensation | 2.5% |
| Senior Community Y/N | No |
| MLS Area | 32806 - Orlando/Delaney Park/Crystal Lake |
| Lot Size Square Feet | 13996 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Spaces | 2 |
| Carport Y/N | Yes |
| Street Name | Hollenbeck |
| Listing Terms | Cash,Conventional,Trade,FHA,Owner May Carry,VA Loan |
| Tax Annual Amount | 8313.33 |
| Public Remarks | Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potent |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://smartreal.com/interactive-3d-home-tour/be1dc184-9568-4936-b9bd-63f3d34b2502 |
| Days on Market | 4 |
| Standard Status | Active |
| Tax Lot | 4 |
| Virtual Tour | https://www.youtube.com/watch?v=E-gfGOEbNVI |
| Legal Description | JACOB A HOLLENBECKS SUB G/12 LOTS 4 & 5BLK B |
| Minimum Lease | No Minimum |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Carpet,Terrazzo,Tile,Hardwood |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Full Baths | 4 |
| Street Suffix | DRIVE |
| Laundry Features | Common Area,Electric Dryer Hookup,Outside,Washer Hookup |
| Total Bedrooms | 5 |
| LivingAreaSource | Owner |
| Total Baths | 4 |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 13996 |
| Foundation Details | Slab |
| Building Area Total | 3353 |
| Lot Size Acres | 0.32 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32806
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 23, 2024 10:46 AM UTC
