Address
803 N Thornton AVENUE, ORLANDO, FL
Price
$ 1,395,000
Property Attributes
  • MLS#O6205210
  • TypeIncome
  • CountyORANGE
  • CityORLANDO
  • AreaOrlando-Colonial Town
  • NeighborhoodOverstreet Oak Hill Sub
  • Zip32803
  • StyleQuadruplex
  • Year Built1947
  • Taxes$ 18317
  • Price$ 1,395,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3120
  • Lot Size0.19 Acres
Data Source:
Stellar MLS
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.

Elementary School High School
Audubon Park K8 Elementary School Winter Park High
Price History
5/16/2024 Listed $1,395,000

General Features

Interior Features Primary Bedroom Main Floor
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected,Electricity Connected
Roof Shingle
Appliances Built-In Oven,Refrigerator
Exterior Features Sidewalk
Zoning O-1/T
Garage Spaces 4
Construction Materials Block,Wood Frame
Year Built 1947
Tenant Pays Electricity,Water
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 88200
County Orange
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Attached Garage Yes
Subdivision Name OVERSTREET OAK HILL SUB
Garage Y/N Yes
Status Active
Directions Upon exiting I-4 East,merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles,then turn left onto N Thornton Avenue. You will find the triplex located on your right-ha
ModificationTimestamp 2024-05-22T20:48:51.907Z
High School Winter Park High
City ORLANDO
Buyer Agent Compensation 2.25%
Disclosures Seller Property Disclosure
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 4
MLS Area 32803 - Orlando/Colonial Town
Lot Size Units Square Feet
Lot Size Square Feet 8124
Waterfront Y/N No
Carport Y/N No
Elementary School Audubon Park K8
Land Lease Y/N No
Tax Annual Amount 18317
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6205210
Days on Market 6
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 18
Legal Description OVERSTREET OAK HILL SUB F/17 LOT 18 BLKD
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Flooring Hardwood
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Common Area,In Garage
Total Bedrooms 7
LivingAreaSource Public Records
Total Baths 4

Exterior Features

Parking Features Assigned
Water Source Public
Lot Size Area 8124
Foundation Details Slab
Number of Buildings 2
Building Area Total 4576
Lot Size Acres 0.19
Road Surface Type Paved
Covered Spaces 4
Number of Lots 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32803

Price
AVG $940K
$1.4M
Taxes
AVG $7,870
$18,317
Visits
AVG 314
385
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1947