SOLD – E Jefferson St, Orlando, FL 32803

 

Beds: 8    Baths: 4    SqFt: 1741 & 1600

ARV: $800k    Repairs: $0    Rents: $4235/mo

$600,000+cc

Deals like this in downtown Orlando almost never present themselves anymore.  This is an opportunity for 2 duplexes, most have which have been updated, with renters in place, on side by side lots (1 corner lot) in a prime area of Downtown Orlando. Currently bringing an impressive return, all 4 units are rented below their potential.  All units have 2 bedrooms and 1 bath. 2001 Jefferson has been fully upgraded down to the studs. 1 unit in 2005 Jefferson has been updated while one has not been updated and has had the same month to month tenant in it for years. This is also the largest of the 4 units and should fetch the highest rent once renovated. This is the cheapest ppsf for income producing home in 32803.  his would also mark the cheapest price per square foot seen for a house deal within a mile of the property.  With strong sales comps in the area up to the $250 per square foot range for this square footage, it doesn’t take long to see the incredible value being offered here. Tenants pay all water and utilities. Property management company in place if buyer would like. Leases are all up this year, and it would be suggested that rents be increased to market potential.  Leases available upon request.

Property Features: 

  • 2001 Jefferson – corner lot, updated tile in main areas and new carpet in bedrooms, updated kitchens, all stainless steel appliances, updated bathrooms, sturdy roof, central AC
  • 2005 Jefferson – 1 partially updated unit with updated tile in main areas and carpet in bedrooms, newer kitchen cabinets, solid surface counters, all appliances, central AC.  sturdy roof.  Other unit is rented with tile floors, full bathroom, wood cabinets in kitchen and all appliances, central AC, sliding doors to back yard

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