447 N Shine Avenue, Orlando, FL 32803 | HotPads
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$830,000

6 beds
4 baths
2,578 sqft

447 N Shine Avenue
Orlando, FL 32803

House

Highlights
  • Updated 22 days ago
  • Laundry: In Unit
  • Lot, Off Street, Street
  • Central A/C, Electric Heating
  • Lawn
  • Dishwasher, Refrigerator, Microwave Oven
Description
Own a piece of Orlando history & generate EXCELLENT income at the same time! BEAUTIFUL 1925 Spanish Colonial 4-PLEX located in DOWNTOWN Orlando. Highly sought after location. Only a short stroll to everything downtown has to offer! Situated on a large corner lot, this very rare, income producing property is located right across the street from the downtown Orlando YMCA. Property is comprised of 3 completely separate buildings containing 4 individual rental units. There are 2 completely separate 2 bed/1 bath original 1925 homes plus another separate building with 2 additional 1 bed/1 bath apartments. Each unit has its own PRIVATE outdoor space - a very rare find in small, multi-unit rental properties! There is on-site & off-site parking & no HOA. No detail was missed when this property was renovated. A few of the upgrades include: granite counter-tops, travertine floors, high-end stainless steel appliances, on-demand hot water heaters, double-pane energy efficient windows. Current annual income: $65,400. The 2 apts are $100/month below market value & will increase on October 1st, increasing annual income to: $67,800. All units receive multiple applications the same day the 'For Rent' ad hits Zillow & Craig?s List. PLEASE NOTE: Because this property only has 4 units, it can be financed using a standard, residential mortgage loan! No need for a complicated, commercial loan with high rates, prepayment penalties & short repayment terms. Don't miss this investor's dream! Call today for your private showing.
Amenities
Property amenities
  • Architecture Style: Spanish
  • Barbecue
  • Cable TV Ready
  • Ceiling Fan
  • Central Air Conditioning
  • Dishwasher
  • Double Pane Windows
  • Dryer
  • Exterior Type: Cement concrete
  • Exterior Type: Stucco
  • Exterior Type: Wood
  • Fireplace
  • Flooring: Hardwood
  • Flooring: Softwood
  • Flooring: Tile
  • Heating system: Forced Air
  • Heating: Electric
  • Laundry: In Unit
  • Lawn
  • MLS Listing ID: O5572692
  • Microwave Oven
  • Off Street Parking
  • Oven
  • Parking Lot
  • Patio Balcony
  • Porch
  • Range
  • Refrigerator
  • Roof Type: Built Up
  • Room Count: 18
  • Sprinkler System
  • Stories: 1
  • Street Parking
  • Washer
  • Year Built: 1925
Nearby schools
8
5
5
Students who live in at 447 N Shine Avenue attend the following Orange County School District (Unified School District) public schools:
AllPrimaryMiddleHighMixed
8
out of 10
Hillcrest Elementary School
Public
Grades K - 5
0.2 miles
5
out of 10
Howard Middle School
Public
Grades 6 - 8
0.4 miles
5
out of 10
Edgewater High School
Public
Grades 9 - 12
2.7 miles
7
out of 10
Cornerstone Charter Academy K-8
Public
Grades K - 8
5.3 miles
Showing 4 of 5 schools.
Disclaimer: Historically, GreatSchools ratings have been based solely on a comparison of standardized test results for all schools in a given state. As of September 2017, the GreatSchools ratings also incorporate additional information, when available, such as college readiness, academic progress, advanced courses, equity, discipline and attendance data. GreatSchools ratings are designed to be a starting point to help parents compare schools, and they should not be the only factor used in selecting the right school for your family. Learn more.
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