Sarasota's Premier Homes

1312 W KALEY AVENUE

ORLANDO , FL 32805

MLS#: O6156678

$4,000,000

Status: Closed
Listing number: O6156678
Listing provided by: MAVREALTY
Listing agent phone: None
Last update: 1 year, 5 months ago
On site: 1 year, 9 months ago
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CLEAR LAKE VIEWS - Residential

Property

Beds

4

Full Baths

2

1/2 Baths

None

Year Built

1945

Sq.Footage

1,406

We are pleased to present Kaley Square, a mixture of 32 commercial/residential units on 12 lots totaling 4.27 acres. The prospective income upon increasing rents is estimated at $500,000 and the seller will consider seller financing. The property has been over 90% occupied for decades and has long term tenants spanning back to the 90's. This investment offers a prospective 10%+ cap with the opportunity to redevelop the site and own nearly an entire city block. Communication with the county shed light on the option to change the zoning and FLU to Neighborhood Commercial and increase value in the site for future redevelopment. This property is truly one of a kind.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    Other

  • Parking

    Driveway, On Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.16

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

Price

  • Sales Price

    $4,000,000

  • Tax Amount

    2342.0

  • Zoning

    C-3

  • Sq. Footage

    1, 406

  • Price/SqFt

    $2,844

HOA

  • Association

    No

School District

  • Elementary School

    Catalina Elem

  • Middle School

    Memorial Middle

  • High School

    Jones High

Property Features

  • Foundation Details

    Block, Slab

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

Catalina Elem

Middle School

Memorial Middle

High School

Jones High

Listing Courtesy of Robert Kirkwood, IV , MAVREALTY

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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We are pleased to present Kaley Square, a mixture of 32 commercial/residential units on 12 lots totaling 4.27 acres. The prospective income upon increasing rents is estimated at $500,000 and the seller will consider seller financing. The property has been over 90% occupied for decades and has long term tenants spanning back to the 90's. This investment offers a prospective 10%+ cap with the opportunity to redevelop the site and own nearly an entire city block. Communication with the county shed light on the option to change the zoning and FLU to Neighborhood Commercial and increase value in the site for future redevelopment. This property is truly one of a kind.

1312 W KALEY AVENUE

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