1507 E. Muriel St., Orlando, FL 32806 - O5949570 - iPro Real Estate

For Sale

$495,000 $274.69 per sqft

Free Professional CMA

Listing ID : O5949570

  • Beds

    4
  • Baths

    3/0
  • Garage

    2
  • Structure / Lot Size

    1,802 Sqft / 0.15 Acre
  • Year

    1940

Description

INVESTORS AND OWNERS DREAM! Location location location , great zip code .Back in the Market due to finance! The property contains 2 separate dwellings and is conveniently located near SODO, major shops, grocery stores, Hospitals, Schools, Downtown and Train Station. The newly implemented Hourglass District is also less than 5 minutes away from this property, featuring lively night life with bars, pubs, restaurants and coffee shops. The property is close distance to the very desirable Blanker (K to 8) and Boone High Schools. Excellent neighborhood. Many homes in the area have been newly constructed or totally upgraded. You can see neighbors walking around and enjoying the quaint settings of the neighborhoods and parks. A walk around near-by Lake Lancaster offers a great daily routine. The main house is a charming restored 3 bedroom/2 bath downtown bungalow (first built in the 1960’s) with hardwood floors and high ceilings. The house has always been a rental property, well maintained and kept up. In 2015-2016 the Owner constructed a 2 story apartment in the rear of the lot. Constructed with good quality materials and excellent workmanship, the garage apartment (also called the Cottage) has been occupied by the Owner, part time only, and used as a personal retreat. The shower has never been used and the premises still look like new construction. The Driveway was re-constructed 2 years ago with pavers and can easily accommodate 5 cars. The double car garage was used for storage only. Both dwellings have up-to-date (recent) a/c, appliances and roofs. The property offers many opportunities: it can be owner occupied with the rear cottage setup as a rental or vice versa. As an investment play, a 5% to 6% cap rate could be achievable with both dwellings operated as rentals. Both dwellings have separate electric service meters.

Details

Type: Single-Family Sale 
Subdivision: Southern Pines 
MLS Area: 32806 - Orlando/Delaney Park/Crystal Lake 
County: Orange 
Tax ID: 01-23-29-8200-00-560
Annual Taxes: $4,869
Elementary: Blankner Elem 
Middle: Blankner School (K-8) 
High: Boone High 
Building Size: 2,677 SqFt 
Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer 
Architecture Style: Ranch 
Cooling: Central Air 
Direction Faces: South 
Exterior Features: Sidewalk 
Flooring: Ceramic Tile, Wood 
Foundation: Slab 
Heating: Central 
Interior Features: Ceiling Fans(s), High Ceiling(s), Open Floorplan, Stone Counters, Window Treatments 
Laundry: Inside, Laundry Closet 
Parking Spaces: 2 
Property Type: Residential Sale 
Roof: Shingle 
Sub Type: Single Family Residence 
Utilities: Cable Available, Electricity Available, Sewer Connected, Street Lights, Water Available 
Zoning: R-2A/T 

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28.517632 -81.360695 $495,000 O5949570
1507 E. Muriel St., Orlando, FL 32806
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Listed by Reza Shirzad with ANNE ROGERS REALTY GROUP INC