Ryan Ditmar

Broker | License ID: BK3283704

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$ 500,000

$ 525,000 4.8%

Est. payment | -/mo

4 Beds

3 Baths

2,095 SqFt

$ 500,000

$ 525,000 4.8%

Est. payment | -/mo

4 Beds

3 Baths

2,095 SqFt

Key Details

Sold Price $500,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,095 sqft

Price per Sqft $238

Subdivision Concord Park 1St Add

MLS Listing ID O6404692

Bedrooms 4

Full Baths 3

Year Built 1950

Annual Tax Amount $8,863

Lot Size 9,147 Sqft

Property Sub-Type Single Family Residence

Property Description

Dual-income opportunity in the heart of College Park - one of Orlando's most coveted neighborhoods. This rare offering features TWO completely separate residences on a single parcel: a 3-bedroom, 2.5-bathroom main home spanning 1,444 square feet with an in-unit laundry room and detached single-car garage, plus a fully independent 1-bedroom, 1-bathroom guest cottage at 651 square feet complete with a Florida room, in-unit laundry, and covered carport. NEWER ROOFS on both homes 2022. NEWER AC SYSTEMS on both homes 2023. Two addresses, two income streams, one investment. The property is zoned ORL-R-2B/T, a designation that permits up to two accessory dwelling units and one is already built and income-producing. Current market rent comps support $2,650–$2,850/month for the main house and $1,550–$1,750/month for the cottage, putting combined gross rental income in the range of $4,200–$4,600/month - over $50,000 in potential annual gross rents. This is in a neighborhood where median home values have climbed to nearly $718,000 and rents continue to appreciate. Whether you lease both units immediately or occupy one and offset your mortgage with the other, the numbers work from day one. Location is the long-term thesis. College Park's tree-lined streets and walkable Edgewater Drive corridor draw professionals, healthcare workers, and young families who pay a premium for in-town living and stay. AdventHealth's major campus is nearby, downtown Orlando is five minutes away, and I-4 access is immediate. Vacancy risk in this submarket is structurally low. Demand is consistent. New lots with this kind of zoning flexibility simply aren't being created. Opportunities to acquire two rentable structures on one parcel in College Park are extraordinary. Don't miss it.

Location

State FL

County Orange

Community Concord Park 1St Add

Area 32804 - Orlando/College Park

Zoning R-2B/T

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Laundry In Kitchen

Exterior

Exterior Feature Courtyard

Parking Features Garage Faces Side, Oversized, Workshop in Garage

Garage Spaces 1.0

Utilities Available Public

Roof Type Shingle

Building

Lot Description Sidewalk, Street Brick

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Special Listing Condition None

Listed by Alex Quezada PROPERTY LOGIC RE
Bought with Dylan Pino REALTY HUB

NEARBY SCHOOL & BUSINESS

+1(407) 497-4717

ryan@lineagere.com

9209 Reymont Street, Orlando, FL, 32827, United States

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721 SEMINOLE AVE Orlando, FL 32804

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Key Details

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Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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721 SEMINOLE AVE