803 N Thornton Avenue Orlando, FL 32803
Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.
- Property TypeMulti-Family
- NeighborhoodOverstreet Oak Hill Sub
- CountyOrange
- Taxes$18,317
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusActive
- MLS ID NumberO6205210
- Home Size Source Public Records
- Year Built1947
- Lot Size0.19 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Parking Assigned
- Sewer Public Sewer
- Acreage 0.19
- Water Public
- Property Sub Type Quadruplex
- Garage Spaces 4
- Attached Garage Yes
- Utilities Cable ConnectedElectricity Connected
- Foundation Slab
- Zoning O-1/T
- Ownership Fee Simple
- Parcel Number 24-22-29-6492-04-180
Interior Features
- Cooling Central Air
- Heating Central
- Appliances Built- In OvenRefrigerator
- Flooring Wood
- Interior Primary Bedroom Main Floor
- Laundry Features Common AreaIn Garage
- Fireplace No
Exterior Features
- Roof Shingle
- Waterfront Property No
- Exterior Sidewalk
Community Features
- Township 22
- Senior Community No
- MLS Area 32803 - Orlando/Colonial Town