Nicolette Lowe - Coldwell Banker Coast
1021 E Livingston Street
ORLANDO, FL 32803

Description

Rare Investment Opportunity - acquire an income producing duplex in a highly desirable location. Walk to Lake Eola and Thornton Park. Duplex has 700 SF 1/1 upstairs with hardwood floors. The first floor apartment is a very large (1000sqf) open floor plan one bedroom apartment converted from a two bedroom with central AC The property is currently 100% occupied. Month-to-month leases are in place. Ready for significant increases post renovation needs. Property is priced under appraised value! Apartments are a short stroll to restaurants, bars and shopping. Located downtown with easy access to all major highways. The charming brick paved streets will give you a sense of class and tranquility. Use as an investment or build a dream home(s) of your own. Currently zoned as Multifamily R-2B/T/HP. This home is in the heart of the historic district with all it's charm, and yet, it has been determined by the City that it is a non-contributing structure. Which means, you can renovate to your liking or tear it down. House has a rood leak, and carport roof needs to be replaced and other updates are needed. It is priced with these issues in mind. Tenant downstairs rental rate is only $995 and this size apartment should rent for around $1500-$2,000 in a updated state. The upstairs apartment, although not as large as the downstairs, is renting for $900 but has no active issues.

Details

MLS#O5731531
Sub-TypeResale
StatusActive
Year1948
Days On Site71

Features

SQ Feet1,516
Units2
Building(s)1

Market Activity 32803

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32803
Area32803 - Orlando/Colonial Town
Listing VS Median (in 32803)
Price:
$348,000
low | high
Med:
$349,900
49.454022988506% of Average
SqFt:
1,516
low | high
Med:
1,807
30.804749340369% of Average
$ / SqFt:
$230
low | high
Med:
$194
65.645987189029% of Average
On Site:
71
low | high
Med:
47
100% of Average
Listing Updated: 11/11/2018
MLS Number: O5731531
Listing Provided By:
Jorge Zea  of  BLUE LIGHTHOUSE REALTY INC

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