Ecologic

PRICE: $470,000 $480,000 ·

ARV: $ ·

Units: 2 ·

Beds: 2 ·

Baths: 2 ·

Sqft: 1,144 ·

Sqft: 1,569 ·

Year Built: 1930 ·

Lot Size: 0.07 Acres ·

Taxes: $3,925 ·

Hibiscus Ct, Orlando, FL 32801

Parking: Dettached Garage ·

Comp: $· - $·

Description

This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property’s value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it’s possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells. NO FHA OFFERS unit 10/28/23.

Disclaimer:

Terms and conditions applicable to all transactions:

  1. Buyers must conduct their own due diligence.
  2. Properties are sold “AS-IS” without an inspection period.
  3. Buyer pays all closing costs.
  4. We sell assignable purchase contracts.
  5. No written or oral representations are made about the properties.
  6. A non-refundable earnest deposit is required.
  7. Proof of funds will be requested.
  8. We do not offer warranties on the property.
  9. We are not licensed contractors or appraisers.
  10. The seller holds an equitable interest in the property.

For properties under contract and for sale:

  1. Offers are cash or private money only.
  2. A minimum non-refundable deposit is required.
  3. Properties are sold “AS-IS” without contingencies.
  4. Buyers must conduct their own due diligence.
  5. Buyer pays all closing costs.
  6. Rehabilitation costs, taxes, and insurance are estimated.
  7. Open or expired permits are not a title defect.

We appreciate your loyalty and trust.

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