1814 HOLLENBECK DRIVE ORLANDO FL 32806 Sold 10/03/2024

Overview of 1814 Hollenbeck Dr

Welcome to your next investment opportunity just a block away from the orlando regional medical center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. property features: mixed-use setup: currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. multiple entrances: the main house boasts convenient access points, including a front door, rear primary suite entrance, and outdoor stairs to the second floor, providing flexibility for rental configurations. expansion potential: with an additional 1000+ square feet upstairs, envision the possibility of creating extra rental units or expanding existing ones, enhancing revenue streams. strategic location: situated on a generous 0.32-acre lot behind a commercial plaza, this property is a short drive from downtown orlando, with easy access to major thoroughfares like i4 and mere minutes away from ormc. income projection: currently generating $4000/month, the property has the potential to yield up to $6000/month with updated rents and full occupancy, offering a gross yearly income of $72,000. financial benefits: with a renovated upstairs, the pro forma income could soar to $8600/month, resulting in a gross income of $103,000 and offering a solid 7% cap rate, factoring in expenses and full occupancy with long-term leases. Plus, switching to a short/medium-term rental strategy could substantially increase returns. ample parking: the expansive lot accommodates multiple vehicles, ensuring convenience for both residents and visitors. unique charm & versatility: beyond its financial appeal, this property exudes character and versatility: double lot potential: with a double lot, the possibilities are endless, whether you choose to expand the existing structures or explore new development opportunities. flexible layout: the main home features three bedrooms, two baths, and a charming blend of oak and pine wood flooring. Additionally, an unfinished upstairs offers the potential to add 2-3 more rooms, catering to diverse tenant needs. income-generating extras: from studio apartments to a functional office space and additional amenities like a washroom and storage areas, every inch of this property is primed for revenue generation. seller financing: for qualified buyers, seller financing is on the table, with favorable terms including a 40% down payment, a maximum 5-year balloon, and competitive interest rates. explore your options today: don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a myriad of options for maximizing returns. Schedule a viewing today and unlock the full potential of this prime orlando gem!

This lovely single family home was built in 1938 and features 5 bedrooms, and 4 full bathrooms. This home for sale is 3,353 square feet, with 2,889 sq ft being air conditioned living space. The home has a does not have a private swimming pool.

Directions to this property are as follows: Going North On Orange Avenue, Tr On Kaley. Tl At First Street Onto Hollenbeck Drive. Home Will Be On Your Left Near The End Of The Road, Prior To The Curve.

Please contact your ZFC agent for more information about MLS# MFRS5103857 or any other homes for sale in Orlando or elsewhere in the Orange County area.