1814 Hollenbeck Drive
Orlando, FL 32806
- 5 beds
- 4 baths
- 2,889 sqft
- 13,996 sqft lot
- $259 per sqft
- 1938 build
- – on site
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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!
Listing courtesy of STELLAR_MLS / LIFESTYLE INTERNATIONAL REALTY
Last checked:
Checking…
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Last updated Oct 15, 2024
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MLS# S5103857 —
The Building
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Year Built:1938
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New Construction:false
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Construction Materials:Cement Siding
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Levels:Two
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Stories Total:2
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Roof:Other
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Foundation Details:Slab
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Building Area Total:3353
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Building Area Units:Square Feet
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Building Area Source:Owner
Interior
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Interior Features:Accessibility Features
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Flooring:Carpet
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Fireplace:true
Room Dimensions
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Living Area:2889
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Living Area Units:Square Feet
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Living Area Source:Owner
Location
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Directions:Going north on Orange Avenue, TR on Kaley. TL at first street onto Hollenbeck Drive. Home will be on your left near the end of the road, prior to the curve.
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Latitude:28.521369
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Longitude:-81.375697
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Coordinates:-81.375697, 28.521369
The Property
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Parcel Number:012329368802040
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Size Acres:0.32
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Lot Size Area:13996
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Lot Size SqFt:13996
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Lot Size Units:Square Feet
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Total Acres:1/4 to less than 1/2
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Zoning:R-3A/T/SP
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Direction Faces:East
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View:false
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Exterior Features:Awning(s)
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Water Source:Public
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Road Surface Type:Paved
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Flood Zone Code:X
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Additional Parcels:false
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Homestead:false
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (321) 460-4445
- Office phone:
- (305) 809-8085
Taxes
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Tax Year:2023
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Tax Lot:4
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Tax Block:B
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Tax Legal Description:JACOB A HOLLENBECKS SUB G/12 LOTS 4 & 5BLK B
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Tax Book Number:G-12
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Tax Annual Amount:8313.33
Beds
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Bedrooms Total:5
Baths
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Total Baths:4
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Total Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Public Sewer
Appliances
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Appliances:Convection Oven
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Laundry Features:Common Area
Schools
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High School:Boone High
The Community
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Subdivision Name:JACOB A HOLLENBECKS SUB
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Senior Community:false
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Water View:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:true
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Carport Spaces:2
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Covered Spaces:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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10/3/24
Oct 3, 2024
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Sold | STELLAR_MLS | $750,000 | -21.1% |
6/27/24
Jun 27, 2024
|
Pending | STELLAR_MLS | $950,000 | |
4/25/24
Apr 25, 2024
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Listed / Active | STELLAR_MLS | $950,000 |