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Tyler Gibson

tyler@gpghome.com +1(407) 934-0320

$ 525,000

Est. payment | -/mo

4 Beds

3 Baths

2,095 SqFt

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$ 525,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

3 Baths

2,095 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,095 sqft

Price per Sqft $250

Subdivision Concord Park 1St Add

MLS Listing ID O6404692

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1950

Annual Tax Amount $8,863

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

Dual-income opportunity in the heart of College Park - one of Orlando's most coveted neighborhoods. This rare offering features TWO completely separate residences on a single parcel: a 3-bedroom, 2.5-bathroom main home spanning 1,444 square feet with an in-unit laundry room and detached single-car garage, plus a fully independent 1-bedroom, 1-bathroom guest cottage at 651 square feet complete with a Florida room, in-unit laundry, and covered carport. NEWER ROOFS on both homes 2022. NEWER AC SYSTEMS on both homes 2023. Two addresses, two income streams, one investment. The property is zoned ORL-R-2B/T, a designation that permits up to two accessory dwelling units and one is already built and income-producing. Current market rent comps support $2,650–$2,850/month for the main house and $1,550–$1,750/month for the cottage, putting combined gross rental income in the range of $4,200–$4,600/month - over $50,000 in potential annual gross rents. This is in a neighborhood where median home values have climbed to nearly $718,000 and rents continue to appreciate. Whether you lease both units immediately or occupy one and offset your mortgage with the other, the numbers work from day one. Location is the long-term thesis. College Park's tree-lined streets and walkable Edgewater Drive corridor draw professionals, healthcare workers, and young families who pay a premium for in-town living and stay. AdventHealth's major campus is nearby, downtown Orlando is five minutes away, and I-4 access is immediate. Vacancy risk in this submarket is structurally low. Demand is consistent. New lots with this kind of zoning flexibility simply aren't being created. Opportunities to acquire two rentable structures on one parcel in College Park are extraordinary. Don't miss it.

Location

State FL

County Orange

Community Concord Park 1St Add

Area 32804 - Orlando/College Park

Zoning R-2B/T

Interior

Interior Features Thermostat, Vaulted Ceiling(s)

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Range, Refrigerator

Laundry In Kitchen

Exterior

Exterior Feature Courtyard

Parking Features Garage Faces Side, Oversized, Workshop in Garage

Garage Spaces 1.0

Utilities Available Public

Roof Type Shingle

Porch Covered

Attached Garage false

Garage true

Private Pool No

Building

Lot Description Sidewalk, Street Brick

Story 1

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6404692

Listed by Alex Quezada PROPERTY LOGIC RE

NEARBY SCHOOLS & PROPERTIES

Let's get you home.

+1(407) 934-0320

tyler@gpghome.com

Orlando, FL,, 32801

721 SEMINOLE AVE Orlando, FL 32804

Tyler Gibson

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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721 SEMINOLE AVE