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803 N Thornton Avenue

Orlando, FL 32803

7 beds
4 baths
3,120 sqft
8,124 sqft lot
$400 per sqft
1947 build
– on site

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Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.

Listing courtesy of STELLAR_MLS / DIAMOND REAL ESTATE GROUP

Last checked: Checking… • Last updated Oct 21, 2024 •

MLS# O6205210 —

The Building

Year Built:

1947
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

2
Building Area Total:

4576
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Primary Bedroom Main Floor
Flooring:

Hardwood
Fireplace:

false

Room Dimensions

Living Area:

3120
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Upon exiting I-4 East, merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles, then turn left onto N Thornton Avenue. You will find the triplex located on your right-hand side.
Latitude:

28.555249
Longitude:

-81.36531
Coordinates:

-81.36531, 28.555249

The Property

Parcel Number:

242229649204180
Property Type:

Residential Income
Property Subtype:

Quadruplex
Lot Size Acres:

0.19
Lot Size Area:

8124
Lot Size SqFt:

8124
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

O-1/T
View:

false
Exterior Features:

Sidewalk
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Flood Zone Panel:

12095C0265F
Additional Parcels:

false
Homestead:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

18
Tax Block:

D
Tax Legal Description:

OVERSTREET OAK HILL SUB F/17 LOT 18 BLKD
Tax Book Number:

F-17
Tax Annual Amount:

18317

Beds

Bedrooms Total:

7

Baths

Total Baths:

4

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Built-In Oven
Laundry Features:

Common Area

Schools

Elementary School:

Audubon Park K8
High School:

Winter Park High

The Community

Subdivision Name:

OVERSTREET OAK HILL SUB
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

4
Carport:

false
Covered Spaces:

4
Parking Features:

Assigned

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/13/24 Sep 13, 2024	Sold	STELLAR_MLS	$1,250,000	-10.4%
7/25/24 Jul 25, 2024	Pending	STELLAR_MLS	$1,395,000
5/16/24 May 16, 2024	Listed / Active	STELLAR_MLS	$1,395,000	13.4% (8.5% / YR)

Multifamily Sold on 9/13/2024

$1,250,000

Listing provided by broker:

Tiphany Weeks

DIAMOND REAL ESTATE GROUP

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Listing Courtesy of: STELLAR_MLS and DIAMOND REAL ESTATE GROUP.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

803 N Thornton Avenue

Orlando, FL 32803