Orlando, FL 32803,803 N THORNTON AVE
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Orlando, FL 32803,803 N THORNTON AVE
Orlando, FL 32803,803 N THORNTON AVE
Orlando, FL 32803,803 N THORNTON AVE
Orlando, FL 32803,803 N THORNTON AVE

$1,250,000

Est. payment /mo

$1,395,000

10.4%
Est.Price: ?

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803 N THORNTON AVE Orlando, FL 32803

7 Beds

4 Baths

3,120 SqFt

SOLD DATE : 09/13/2024

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $400

Subdivision Overstreet Oak Hill Sub

MLS Listing ID O6205210

Sold Date 09/13/24

Bedrooms 7

HOA Y/N No

Originating Board Stellar MLS

Year Built 1947

Annual Tax Amount $18,317

Lot Size 8,276 Sqft

Acres 0.19

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.

Location

State FL

County Orange

Community Overstreet Oak Hill Sub

Zoning O-1/T

Interior

Interior Features Primary Bedroom Main Floor

Heating Central

Cooling Central Air

Flooring Wood

Fireplace false

Appliance Built-In Oven, Refrigerator

Laundry Common Area, In Garage

Exterior

Exterior Feature Sidewalk

Garage Assigned

Garage Spaces 4.0

Utilities Available Cable Connected, Electricity Connected

Waterfront false

Roof Type Shingle

Attached Garage true

Garage true

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Wood Frame

New Construction false

Schools

Elementary Schools Audubon Park K8

High Schools Winter Park High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by DIAMOND REAL ESTATE GROUP
Bought with DIAMOND REAL ESTATE GROUP

Marina Owens

Advisor | License ID: SL3446413

+1(386) 409-1316

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