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85
Photos
1814 Hollenbeck DRIVE, Orlando, FL 32806
$950,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
4
baths
2,889
sqft
Built in
1938
Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. Property Features: Mixed-Use Setup: Currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. Multiple Entrances: The main house boasts convenient access points, including a front door, rear primary suite entrance, and outdoor stairs to the second floor, providing flexibility for rental configurations. Expansion Potential: With an additional 1000+ square feet upstairs, envision the possibility of creating extra rental units or expanding existing ones, enhancing revenue streams. Strategic Location: Situated on a generous 0.32-acre lot behind a commercial plaza, this property is a short drive from downtown Orlando, with easy access to major thoroughfares like I4 and mere minutes away from ORMC. Income Projection: Currently generating $4000/month, the property has the potential to yield up to $6000/month with updated rents and full occupancy, offering a gross yearly income of $72,000. Financial Benefits: With a renovated upstairs, the pro forma income could soar to $8600/month, resulting in a gross income of $103,000 and offering a solid 7% cap rate, factoring in expenses and full occupancy with long-term leases. Plus, switching to a short/medium-term rental strategy could substantially increase returns. Ample Parking: The expansive lot accommodates multiple vehicles, ensuring convenience for both residents and visitors. Unique Charm & Versatility: Beyond its financial appeal, this property exudes character and versatility: Double Lot Potential: With a double lot, the possibilities are endless, whether you choose to expand the existing structures or explore new development opportunities. Flexible Layout: The main home features three bedrooms, two baths, and a charming blend of oak and pine wood flooring. Additionally, an unfinished upstairs offers the potential to add 2-3 more rooms, catering to diverse tenant needs. Income-Generating Extras: From studio apartments to a functional office space and additional amenities like a washroom and storage areas, every inch of this property is primed for revenue generation. Seller Financing: For qualified buyers, seller financing is on the table, with favorable terms including a 40% down payment, a maximum 5-year balloon, and competitive interest rates. Explore Your Options Today: Don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a myriad of options for maximizing returns. Schedule a viewing today and unlock the full potential of this prime Orlando gem!
Features & Amenities
Interior
- General:
- Accessibility Features, Ceiling Fan(s), Primary Bedroom Main Floor, Thermostat
- Appliances:
- Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry:
- Common Area, Electric Dryer Hookup, Outside, Washer Hookup
- Flooring:
- Carpet, Terrazzo, Tile, Hardwood
- A/C:
- true, Central Air, Wall/Window Unit(s)
- Heating:
- true, Central, Electric
- Fireplace:
- Fireplace
Exterior
- General:
- Awning(s), Courtyard, Lighting
Construction
- Roofing:
- Other, Shingle
- General:
- Cement Siding, Stucco, Two, Slab
Location
- Road/Access:
- Paved
- Originating MLS:
- Stellar MLS
- County:
- Orange
Lot
- Zoning:
- R-3A/T/SP, JACOB A HOLLENBECKS SUB G/12 LOTS 4 & 5BLK B, 012329368802040
Utilities
- Utilities:
- BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Stellar MLS
- Buyers Agent Compensation:
- 2.5%
- NA Compensation:
- 0%
This listing courtesy of:
LIFESTYLE INTERNATIONAL REALTY, Ronald Fallows, III
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Orlando, FL
Housing
- Number of Units
- 434,743
- Median Home Value
- $260,572
- Median Rent
- $1,151
48.67% of housing units are renter occupied.
7.28% are vacant.
Commute
- Car
-
71.04%
- Public Transportation
-
2.09%
- Walk to Work
-
1.07%
- Work from Home
-
24.08%
- Other
-
1.03%
The median travel time to work is 23 minutes.
People
- Population
- 1,053,602
- Median Age
- 35.60
- Median Household Size
- 2.90
Education
- High School
-
24.58%
- Associate’s Degree
-
11.13%
- Bachelor’s Degree
-
23.51%
- Graduate Degree
-
11.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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