Address
803 N Thornton AVENUE, ORLANDO, FL
Price
$ 1,395,000
Property Attributes
- MLS#O6205210
- TypeIncome
- CountyORANGE
- CityORLANDO
- AreaOrlando-Colonial Town
- NeighborhoodOverstreet Oak Hill Sub
- Zip32803
- StyleQuadruplex
- Year Built1947
- Taxes$ 18317
- Price$ 1,395,000
- Bedrooms7
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3120
- Lot Size0.19 Acres
Data Source:
Stellar MLS
Property Description
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.
| Elementary School | High School |
|---|---|
| Audubon Park K8 Elementary School | Winter Park High |
| Price History | |
|---|---|
| 5/16/2024 | Listed $1,395,000 |
General Features
| Interior Features | Primary Bedroom Main Floor |
|---|---|
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central Air |
| Utilities | Cable Connected,Electricity Connected |
| Roof | Shingle |
| Appliances | Built-In Oven,Refrigerator |
| Exterior Features | Sidewalk |
| Zoning | O-1/T |
| Garage Spaces | 4 |
| Construction Materials | Block,Wood Frame |
| Year Built | 1947 |
| Tenant Pays | Electricity,Water |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 88200 |
| County | Orange |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Attached Garage | Yes |
| Subdivision Name | OVERSTREET OAK HILL SUB |
| Garage Y/N | Yes |
| Status | Active |
| Directions | Upon exiting I-4 East,merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles,then turn left onto N Thornton Avenue. You will find the triplex located on your right-ha |
| ModificationTimestamp | 2024-05-22T20:48:51.907Z |
| High School | Winter Park High |
| City | ORLANDO |
| Buyer Agent Compensation | 2.25% |
| Disclosures | Seller Property Disclosure |
| View Y/N | No |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 4 |
| MLS Area | 32803 - Orlando/Colonial Town |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8124 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Elementary School | Audubon Park K8 |
| Land Lease Y/N | No |
| Tax Annual Amount | 18317 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6205210 |
| Days on Market | 6 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Lot | 18 |
| Legal Description | OVERSTREET OAK HILL SUB F/17 LOT 18 BLKD |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Interior Features
| Flooring | Hardwood |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Laundry Features | Common Area,In Garage |
| Total Bedrooms | 7 |
| LivingAreaSource | Public Records |
| Total Baths | 4 |
Exterior Features
| Parking Features | Assigned |
|---|---|
| Water Source | Public |
| Lot Size Area | 8124 |
| Foundation Details | Slab |
| Number of Buildings | 2 |
| Building Area Total | 4576 |
| Lot Size Acres | 0.19 |
| Road Surface Type | Paved |
| Covered Spaces | 4 |
| Number of Lots | 1 |
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 Income Average in 32803
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 June 25, 2024 10:06 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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. Information is deemed reliable but not guaranteed.
