Seller's Agent in 2024
Robert Gillespie
HOMEPRO PROPERTIES
(407) 467-7445
1 in this area
71 Total Sales
Estimated Value: $317,000 - $822,000
7
Beds
5
Baths
3,142
Sq Ft
$173/Sq Ft
Est. Value
Highlights
- Garage Apartment
- Property is near public transit
- No HOA
- 0.46 Acre Lot
- Wood Flooring
- Oversized Lot
About This Home
As of April 2024Dont' miss out on this Great Value Add Opportunity on this downtown Orlando multi-family 5 unit property. The below market rents and strong new construction development in the area make this a great investment property to add to your portfolio. Property is located adjacent to the new Creative Village Innovation District Development and the UCF- Valencia College downtown campus. There are 3 buildings with 5 total units and a 2 car garage. The large .46/acre lot gives you plenty of room to add additional units to the vacant part of the lot. The City of Orlando R-2B zoning allows up to 16 units/acre and up to 30 feet for building height. Major updates have been completed by the seller including electrical upgrades, HVAC systems and plumbing repipes with new meters for each unit and new lines to the units in 2011-2012. Front duplex the roof was installed in 2011. Rear duplex and garage apartment roofs were replaced in 2019 and 2018. Sturdy concrete block construction. Each unit has individually metered power, water and sewer. The 4 units in the 2 duplexes have ceramic tile floors and the garage apartment has wood floors. The great downtown location is a big positive for your tenants offering them access to public transportation options, plus they are only a few blocks to the Sunrail commuter rail station along with quick access to Interstate 4 and the 408 Expressway. 3 of the units currently have Government guaranteed rents to military veterans. The 2 car garage is not currently generating income and the owner has used it for storage. Seller is offering possible owner financing to qualified purchasers with a large downpayment. This great hard-to-find multi-family deal won't last long. Call today.
Last Agent to Sell the Property
HOMEPRO PROPERTIES Brokerage Phone: 407-322-5956 License #557393 Listed on: 12/12/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,317
Year Built
- Built in 1955
Lot Details
- 0.46 Acre Lot
- Oversized Lot
- Level Lot
Parking
- 2 Car Garage
- Garage Apartment
Home Design
- Slab Foundation
- Shingle Roof
- Wood Siding
- Block Exterior
Interior Spaces
- 3,142 Sq Ft Home
- Ceiling Fan
- Eat-In Kitchen
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Property is near public transit
Utilities
- Central Heating and Cooling System
- Mini Split Air Conditioners
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, sewer, trash collection, water
- Legal Lot and Block 4 / C
- Assessor Parcel Number 26-22-29-0612-03-050
Community Details
Overview
- No Home Owners Association
- 5 Units
- 3,686 Sq Ft Building
- Bellevue Add Subdivision
Pet Policy
- Pets Allowed
Building Details
- 5 Separate Electric Meters
- 5 Separate Water Meters
- Operating Expense $12,783
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 12, 2023
Closed on
Apr 10, 2024
Sold by
804 W Concord Street Land Trust and Nhr Management Llc
Bought by
Nino Jorge Alejandro
Seller's Agent
Robert Gillespie
HOMEPRO PROPERTIES
Buyer's Agent
Alex Lopez
TITAN REALTY GROUP LLC
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Views
347
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$256,845
Avg. Annual Appreciation
-24.06%
Original Mortgage
$600,000
Outstanding Balance
$593,834
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
-$39,048
Purchase Details
Closed on
Sep 5, 2012
Sold by
Ws Financial Services Inc
Bought by
Nhr Management Llc and 804 W Concord Street Land Trust
Purchase Details
Closed on
Apr 28, 2011
Sold by
County Of Orange
Bought by
W S Financial Services Inc
Purchase Details
Closed on
Nov 20, 2002
Sold by
Cleaver Denis A and Cleaver Joyce C
Bought by
Behr Jeffrey H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.95%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nino Jorge Alejandro | $800,000 | None Listed On Document | |
| Nhr Management Llc | -- | None Available | |
| W S Financial Services Inc | $53,500 | None Available | |
| Behr Jeffrey H | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nino Jorge Alejandro | $600,000 | |
| Previous Owner | Behr Jeff H | $25,507 | |
| Previous Owner | Behr Jeffrey H | $189,900 | |
| Previous Owner | Behr Jeffrey H | $100,000 | |
| Previous Owner | Behr Jeffrey H | $105,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2024 04/10/24 | Sold | $800,000 | -8.6% | $255 / Sq Ft |
| 02/19/2024 02/19/24 | Pending | -- | -- | -- |
| 12/12/2023 12/12/23 | For Sale | $875,000 | -- | $278 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,695 | $632,570 | $192,000 | $440,570 |
| 2024 | $5,317 | $468,660 | $180,000 | $288,660 |
| 2023 | $5,317 | $328,591 | $120,000 | $208,591 |
| 2022 | $4,888 | $296,806 | $120,000 | $176,806 |
| 2021 | $4,175 | $210,991 | $84,000 | $126,991 |
| 2020 | $3,849 | $212,079 | $84,000 | $128,079 |
| 2019 | $3,780 | $197,682 | $84,000 | $113,682 |
| 2018 | $3,620 | $193,034 | $84,000 | $109,034 |
| 2017 | $3,347 | $171,892 | $48,000 | $123,892 |
| 2016 | $2,842 | $117,099 | $48,000 | $69,099 |
| 2015 | $2,788 | $116,824 | $48,000 | $68,824 |
| 2014 | $2,549 | $98,651 | $48,000 | $50,651 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Alex Lopez
TITAN REALTY GROUP LLC
(407) 212-7653
1 in this area
141 Total Sales
Source: Stellar MLS
MLS Number: O6163580
APN: 26-2229-0612-03-050
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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