1814 Hollenbeck Drive, Orlando, FL, 32806

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$950,000
78 Days Online

1814 Hollenbeck Drive
Orlando, FL 32806

For Sale|Single Family Home|Pending
5
Beds
4
Full Baths
0
Partial Baths
2,889
SqFt
$329
/SqFt
1938
Built
Subdivision:
Jacob A Hollenbecks Sub
County:
Orange

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1814 Hollenbeck Drive1814 Hollenbeck Drive1814 Hollenbeck Drive1814 Hollenbeck Drive
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Under contract-accepting backup offers. 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!

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Listing Snapshot
Price 
$950,000
Days Online 
78 Days
Bedrooms 
5
Inside Area (SqFt) 
2,889 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.32 Acres
Year Built 
1938
MLS® Number 
S5103857
Status 
Pending
Property Tax 
$8,313
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 weeks agoStatus changed to Pending
3 months agoListing first seen online
General Features
Construction 
Cement SidingStucco
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.32
Water 
Public
Property Sub Type 
Single Family Residence
Utilities 
Cable AvailableElectricity AvailableElectricity ConnectedPhone Available
Foundation 
Slab
Zoning 
R-3A/T/SP
Direction Faces 
East
Minimum Lease 
No Minimum
Ownership 
Fee Simple
Parcel Number 
01-23-29-3688-02-040
Interior Features
Cooling 
Central AirWall/ Window Unit(s)
Heating 
CentralElectric
Appliances 
Convection OvenCooktopDishwasherDisposalDryerElectric Water HeaterMicrowaveRangeRange HoodRefrigeratorWasher
Flooring 
CarpetTerrazzoTileWood
Interior 
Accessibility FeaturesCeiling Fans(s)Primary Bedroom Main FloorThermostat
Laundry Features 
Common AreaElectric Dryer HookupOutsideWasher Hookup
Fireplace 
Yes
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Exterior Features
Roof 
OtherShingle
Waterfront Property 
No
Exterior 
Awning(s)CourtyardLighting
Community Features
Township 
23
Senior Community 
No
MLS Area 
32806 - Orlando/Delaney Park/Crystal Lake
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Boone High
Listing courtesy of LIFESTYLE INTERNATIONAL REALTY 305-809-8085



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-07-13 03:25 PM EDT

Neighborhood & Commute
Source: Walkscore
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