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Property
Beds
4
Full Baths
3
1/2 Baths
None
Year Built
1950
Sq.Footage
2,095
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.
Features & Amenities
Interior
-
Other Interior Features
Vaulted Ceiling(s)
-
Total Bedrooms
4
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Courtyard
-
Parking
Garage Faces Side, Oversized, Workshop in Garage
-
Patio and Porch Features
Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.21
-
Lot Size(square feet)
9150.0
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$525,000
-
Tax Amount
$8,863.5
-
Sq. Footage
2, 095
-
Price/SqFt
$250
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
3
-
Water Source
Public
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Alex Quezada , PROPERTY LOGIC RE
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