447 N Shine Avenue, Orlando, FL 32803 | HotPads

$850,000

6 beds
4 baths
2,578 sqft

447 N Shine Avenue
Orlando, FL 32803

Duplex

Pricing confirmed 1 day ago
Posted 18 days ago
Updated 1 day ago
Description
RARE INVESTMENT opportunity in the highly sought after DOWNTOWN Orlando neighborhood - Colonialtown South. This STUNNING, historic, 1925 classic Spanish Colonial, excellent income producing property is situated on a corner lot, directly across the street from the YMCA. This is a 4-PLEX with 2 completely separate 2 bed/1 bath homes and a separate building with 2 additional 1 bed/1 bath apartments. Each unit has their own PRIVATE outdoor space, which is rare! All units have been beautifully renovated. The 2/1 unit upgrades include: granite countertops, travertine floors, high-end stainless steel appliances, on-demand hot water heaters, double pane energy efficient windows, just to name a few. The owners haven't missed a detail when renovating and maintaining this property. Current market rent yields $5,450/month for all 4 units. Annual income is $65,400 with a 7.7% cap rate. The two 1/1's are below market value and will increase $100/month each at end of September, raising the cap rate to 8%. The property has multiple rental applicants the same day the 'For Rent' sign hits the yard. There's NO HOA and there is on site and off site parking. Downtown living at it's best - all within a short stroll to everything downtown has to offer! Own a piece of Orlando history and generate income at the same time! Don't miss this investor's dream! Call today for your private showing!
Amenities
Property amenities
  • Ceiling Fan
  • Dishwasher
  • Dryer
  • Exterior Type: Stucco
  • Exterior Type: Wood
  • Fireplace
  • Flooring: Hardwood
  • Flooring: Tile
  • Heating system: Forced Air
  • Laundry: In Unit
  • MLS Listing ID: O5572692
  • Microwave Oven
  • Off Street Parking
  • Oven
  • Parking Lot
  • Range
  • Refrigerator
  • Roof Type: Built Up
  • Stories: 1
  • Street Parking
  • Washer
  • Year Built: 1925
Pricing comparison
$0
This 6 bedroom home is listed at $850,000, while 6 bedroom homes...
  • in Colonialtown South go for $850,000.
  • in Orlando go for $648,855.
  • in Orange County go for $801,887.
  • in 32803 go for $935,000.
  • This listing is priced similarly to the average 6 bedroom home in Colonialtown South.
    Nearby schools
    8
    5
    5
    Students who live in this sale 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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    Listing provided by MAINFRAME REAL ESTATE LLC.
    Listing agent Katie Bray 407-779-6677.
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