Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
1,699
Introducing a rare-to-market tri-plex that offers an exceptional "turn-key" investment opportunity in the heart of Orlando’s bustling Milk District! Situated on a large, picturesque corner lot, this multi-family property currently generates $66,000 in gross revenue per year and is divided into a 1,699 sq foot duplex with a detached 460 sq foot ADU not shown on public records for a total of 2,159 square feet & plenty of street and driveway parking.The spacious two-bedroom, one-bathroom unit was updated in 2022 with new cabinets, quartz countertops, carpet, bathroom vanity, and fresh paint. The one-bedroom, one-bathroom unit features newer kitchen cabinets and countertop, quality appliances and a fireplace. The duplex shares central AC, which was replaced in 2023. The quaint and cozy detached studio ADU includes tile floor, renovated bathroom, AC installed in 2024 and a new water heater from 2023. All units share an on-site laundry room equipped with a new washer and dryer replaced in 2024. A highlight of this property is the shared courtyard, featuring a bird fountain, creating a common area perfect for camaraderie and gatherings. LOCATION, LOCATION, LOCATION defines this incredible investment! Just steps away from core Milk District establishments such as Sideward Brewing, Otto's, and Stasio's Italian Kitchen, this property is easily walkable to cultural events at Festival Park & the Plaza Live, as well as Thornton Park & Lake Eola. Enjoy convenient shopping at Colonial Town Plaza, grocery options like Publix & Aldi, gyms, trendy coffee shops, and more! Plus, with easy access to the 408 Expressway, you're just a 20-25 minute drive from Orlando International Airport. This property has proven itself as an excellent long-term investment with high gross rents with additional room for growth, strong property price appreciation, low vacancy rates and very low operating costs. Don’t miss out on this exciting opportunity—schedule your showing today and explore all the benefits and features this incredible property has to offer!
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete
-
Other Exterior Features
Awning(s), Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.19
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$815,000
-
Tax Amount
8877.57
-
Sq. Footage
1, 699
-
Price/SqFt
$479
HOA
-
Association
NO
School District
-
Elementary School
Lake Como Elem
-
Middle School
Lake Como School K-8
-
High School
Edgewater High
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Orange
Elementary School
Lake Como Elem
Middle School
Lake Como School K-8
High School
Edgewater High
Listing Courtesy of Drew Belani , COMPASS FLORIDA LLC
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