Active

200 & 200 1/2 HIBISCUS CT

ORLANDO FL, 32801

$460,000


$402.10 per sqft

Active

2 Beds

2 Baths

1,144 sqft

Multi-family

Built in 1930

Creative Financing is available with large down payment. This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property's value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it's possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells.

O6132723

MLS ID

August 10, 2023

Listed

May 9, 2024

Updated

Map

200 & 200 1/2 HIBISCUS CT
ORLANDO FL, 32801

Interior Features

Total Stories

2


Bedrooms

2


Total Bathrooms

2


Interior Features

Ceiling Fans(s), Living Room/Dining Room Combo


Appliances

Cooktop, Refrigerator


Floor Description

Carpet, Ceramic Tile, Parquet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.07 Acres


Exterior Features

Courtyard, Garden, Storage


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Edgewater High


Elementary School

Lake Como Elem

Other Property Details

Area Name

32801 - Orlando


Taxes

$3,925


Tax Frequency

Annually


Days on Market

221


Garage

Yes


Garage Spaces

2


View

No


County

Orange


Municipality

22


Water Source

Public


Pool

No


Zoning

R-2B/T/HP


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

3/18/2024

Price Change

$460,000

-2%

2/10/2024

Price Change

$465,000

-2%

2/9/2024

Price Change

$465,000

-2%

Listed by LPT REALTY
Listing Contact: 877-366-2213 

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Data last updated 5/9/2024, 7:47 AM UTC

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