Orlando, FL 32801,200 & 200 1/2 HIBISCUS CT
Orlando, FL 32801,200 & 200 1/2 HIBISCUS CT
Orlando, FL 32801,200 & 200 1/2 HIBISCUS CT
Orlando, FL 32801,200 & 200 1/2 HIBISCUS CT
Orlando, FL 32801,200 & 200 1/2 HIBISCUS CT
Orlando, FL 32801,200 & 200 1/2 HIBISCUS CT
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$354,000

$460,000

23.0%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,144 SqFt


SOLD DATE : 07/16/2024

Key Details

Sold Price $354,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,144 sqft

Price per Sqft $309

Subdivision Hibiscus Court

MLS Listing ID O6132723

Sold Date 07/16/24

Bedrooms 2

HOA Y/N No

Originating Board Stellar MLS

Year Built 1930

Annual Tax Amount $3,924

Lot Size 3,049 Sqft

Acres 0.07

Property Description

Creative Financing is available with large down payment. This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property's value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it's possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells.

Location

State FL

County Orange

Community Hibiscus Court

Zoning R-2B/T/HP

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo

Heating Electric

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Ceramic Tile, Parquet

Fireplace false

Appliance Cooktop, Refrigerator

Exterior

Exterior Feature Courtyard, Garden, Storage

Garage Spaces 2.0

Utilities Available Cable Available, Electricity Available, Water Connected

Roof Type Shingle

Porch None, Patio

Attached Garage false

Garage true

Private Pool No

Building

Entry Level Two

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools Lake Como Elem

Middle Schools Lake Como School K-8

High Schools Edgewater High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Assumable, Cash, Conventional, Private Financing Available, Special Funding

Listing Terms Assumable, Cash, Conventional, Private Financing Available, Special Funding

Special Listing Condition None

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Stellar MLS
Listed by LPT REALTY
Bought with LPT REALTY

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Kelly & Steve Christie

Agent | License ID: SL3269324

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