Multifamily Development Opportunity close to Orlando Health Hospital South of Downtown Orlando. This offering includes both the home (701 23rd St) and the neighboring parcel (709 23rd St) a unique chance to acquire a sprawling piece of land in an area where space is at a premium. House was fully remodeled in 2018 and is rented for a steady $2,000 monthly, providing an instant return on your investment. With its exceptional size and sought-after location, this property is perfect for a savvy investor or developer looking for a valuable asset with both immediate cash flow and significant long-term appreciation. Furthermore, based on an estimation from the county, approximately 9 to 12 units can be built on the property when merging both parcels (buyer is responsible for verification).
For sale
Price cut: $5K (11/11)
$589,000
701 23rd St, Orlando, FL 32805
3beds
1,166sqft
Est.:
Single Family Residence
Built in 1945
0.63 Acres Lot
$-- Zestimate®
$505/sqft
$-- HOA
What's special
Sprawling piece of land
- 58 days |
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