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