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2300 S Shine AVENUE, Orlando, FL, 32806 | $450,000
This charming duplex offers a fantastic opportunity for both investors and future homeowners. Currently rented to long-term tenants but current lease provides owner a 60 day notice to vacate. This property presents a strong investment potential with room for increased rental income. Alternatively, if you’ve been dreaming of building your custom home, this lot is the perfect canvas—situated directly across the street from three beautiful new custom home builds. Located in a highly desirable area close to downtown and the vibrant SODO district, this property boasts incredible value thanks to its prime location. Whether you’re looking for steady rental income or a spot to create your dream home, this duplex is a super option. Don’t miss this rare chance to secure your place in one of the city’s most sought-after neighborhoods! Roof 2011, Outside laundry facility for both units. Tenants own full-size washers and dryers. Lot in back is "L" shape. Cement pad in backyard on left side. . . . which was shed/garage in past. . . is part of property.
RENTAL & LEASE NOTES: Separate water and electric meters. Bottom unit lease is currently $1250 monthly rent ending Feb 28, 2025 but owner has 60 day out to cancel lease for new buyer. Upstairs lease is currently $935 ending August 2025 but has 60 day out to cancel lease if new buyer needs. Can get more for rent - new buyer could update upstairs unit . . . great character and charm. . . . or rent in current condition - Both units have good longtime tenants so rent is low. Super potential. Will this be your next investment?
Features
- Units: 2
- Laundry: Laundry Closet, Outside
- Year Built: 1938
- Heating: None
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 1,744
- Acreage: 0.16
- Est. Taxes: $4,466
- Elem. School: Blankner Elem
- Middle School: Blankner School (K-8)
- High School: Boone High
- MLS#: O6263585
- Days on Market: 15 days
- Website: https://www.raveis.com
/prop/O6263585/2300sshineavenue_orlando_fl?source=qrflyer
Listing courtesy of CONWAY REALTY CORP Phone: 407-540-8888
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2300 S Shine AVENUE, Orlando, FL, 32806
$450,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
| Monthly Tax Payment | $372 | $372 | $372 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,395 | $2,456 | $3,111 |
| Total Monthly Payment | $2,842 | $2,903 | $3,558 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388