Priced under it's recent $390k appraisal, this totally renovated cement block 3/1 and 2/1 duplex in downtown Orlando is a great instant cashflow opportunity to add to your portfolio. 2 bedroom unit is rented at $1600, and the 3 bedroom is signing a lease at $1873 per month, with the owner paying for water, sewer, and trash on both units. Both units have double security deposits. Pictures are of the 3 bedroom unit, but both units have been renovated with the same materials. While the roof is old, it's free of any leaks. AC units and water heaters replaced within the last 5-10 years.
Furnished Remarks:
Unfurnished
Laundry Remarks:
Laundry Room, Outside
Subdivision:
WASHINGTON TERRACE
Heating:
Central, Electric
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Elementary School:
Rock Lake Elem
Middle School:
Carver Middle
Appliances:
Electric Water Heater, Range, Refrigerator
Min Lease Term:
No Minimum
230 N Dollins AVENUE, Orlando, FL, 32805
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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