$270,000
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505-507 JERNIGAN AVE Orlando, FL 32805
1,320 SqFt
Key Details
Sold Price $270,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $204
Subdivision H Carl Dann Resub F/2 Lot 6 Blk B
MLS Listing ID O6099933
Sold Date 04/21/23
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1967
Annual Tax Amount $1,635
Lot Size 6,098 Sqft
Acres 0.14
Property Description
These units are currently below fair market value with long term tenants. Property potential rental based off local comps is $1,100 per unit. This property is close to the downtown area. Located on corner lot, the duplex was built in 1967 with concrete block and terrazzo floors. Roof replaced approximately 4 years ago. Property needs complete updating due to long term tenants who maintained their own unit for lower rent base. One unit still rented. The second unit is in the process of being cleared out. The interior floorplan is open with 2 bedrooms and a bathroom off the family space. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF’s Downtown Campus, and Creative Village. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits.
Location
State FL
County Orange
Community H Carl Dann Resub F/2 Lot 6 Blk B
Zoning R-2A/T/PH
Interior
Interior Features Other
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Electricity Available
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Block
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS REALTY AT THE PARKS