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!
Sold for $750,000 on 10/03/24
$750,000
1814 Hollenbeck Dr, Orlando, FL 32806
5beds
2,889sqft
Single Family Residence
Built in 1938
0.32 Acres Lot
$733,700 Zestimate®
$260/sqft
$2,611 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 07, 2024 at 03:52pm
Listing Provided by:
Ron Fallows, III 321-460-4445,
LIFESTYLE INTERNATIONAL REALTY 305-809-8085
Bought with:
Ron Fallows, III, 3527776
LIFESTYLE INTERNATIONAL REALTY
Source: Stellar MLS,MLS#: S5103857
Originating MLS: Osceola

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 13x16
Bedroom 2
- Features: Built-in Closet
- Level: First
- Dimensions: 13x9.8
Bedroom 3
- Features: Built-in Closet
- Level: First
- Dimensions: 11.8x10.11
Dining room
- Level: First
- Dimensions: 15.5x12
Family room
- Level: First
- Dimensions: 14x19.6
Kitchen
- Level: First
Kitchen
- Level: First
- Dimensions: 14x15.5
Living room
- Level: First
- Dimensions: 13.5x18.9
Heating
- Central, Electric
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry: Common Area, Electric Dryer Hookup, Outside, Washer Hookup
Features
- Accessibility Features, Ceiling Fan(s), Primary Bedroom Main Floor, Thermostat
- Flooring: Carpet, Terrazzo, Tile, Hardwood
- Has fireplace: Yes
Interior area
- Total structure area: 3,353
- Total interior livable area: 2,889 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Carport spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Awning(s), Courtyard, Lighting
Lot
- Size: 0.32 Acres
Details
- Parcel number: 012329368802040
- Zoning: R-3A/T/SP
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cement Siding, Stucco
- Foundation: Slab
- Roof: Other,Shingle
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available
Community & neighborhood
Location
- Region: Orlando
- Subdivision: JACOB A HOLLENBECKS SUB
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 48000
Other
Other facts
- Listing terms: Cash,Conventional,Trade,FHA,Owner May Carry,VA Loan
- Ownership: Fee Simple
- Road surface type: Paved
Services availability
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Estimated market value
$733,700