Lake Homes Realty
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200 & 200 1/2 hibiscus court

ORLANDO, FL 32801

$465,000

2 BEDS 2-Full BATHS
0.07 AC LOT
Residential
Image 1
Bedrooms 2
Total Baths 2
Full Baths 2
Acreage 0.07
Status Off Market
MLS # O6183849
County Orange
More Info
Category Residential
Status Off Market
Acreage 0.07
MLS # O6183849
County Orange
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 not available

Exterior Features

  • Construction Half Duplex
  • Siding Wood Siding
  • Roof Shingle
  • Garage No
  • Water Public
  • Sewer Public Sewer

Interior Features

  • Appliances Cooktop, Refrigerator
  • Heating Electric
  • Cooling Central Air, Wall/Window Unit(s)
  • Basement Crawlspace
  • Year Built 1930

Neighborhood & Schools

  • Subdivision HIBISCUS COURT
  • Elementary School Lake Como Elem
  • Middle School Lake Como School K-8
  • High School Edgewater High

Financial Information

  • Parcel ID 25-22-29-3540-02-121
  • Zoning R-2B/T/HP

Contact our Agent !