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447 Shine Avenue, Orlando, FL 32803

Multi-Family Home For Sale

447 Shine Avenue, Orlando, FL 32803 House For Sale - MLS #O5571557
$850,000
Multi-Family
4 Family
This listing is courtesy of Katie Bray from Mainframe Real Estate

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Property Description for 447 Shine Avenue, Orlando, FL 32803

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!

Interior Details

Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Blinds/Shades; Ceiling Fans

Exterior Details

0.16 acres
6,948 sq. ft.
Assigned Parking; Guest Parking; Open Parking; Parking Pad; Street Parking

Other Details

O5571557
1925
$5,450
Bb/Hs Internet Avail; Cable Available; City Water; Public Sewer; Public Utilities
Smedleys Rep
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