Seller Financing
Address
415 - 419 S PARRAMORE AVENUE Orlando, FL
Price
$ 829,000
Property Attributes
  • MLS#S5053848
  • TypeIncome
  • CountyORANGE
  • CityOrlando
  • AreaOrlando-Washington Shores
  • NeighborhoodPARRAMORE
  • Zip32805
  • StyleMulti-Family
  • Year Built1952
  • Taxes$ 4981
  • Price$ 829,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3835
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
KELLER WILLIAMS LEGACY REALTY
Data Source:
Stellar MLS
Property Description

Located in progressive Downtown Orlando's Opportunity Zone at the heart of the City and the fast-growing Parramore area which is home to the new, massive Creative Village project, 415-419 Parramore Ave. is the lowest-priced commercial property portfolio (3 PROPERTIES PACKAGE INCLUDING 8 UNITS FOR ROOMING, DUPLEX AND RESTAURANT) in progressive downtown. Couple blocks from multi-million dollar Amway Arena and few steps away from Exploria Soccer Stadium, not to forget the Camping World Stadium football stadium and all other billion-dollar investments taking place in the Creative Village/ Downtown Orlando area (and luxury apartment across to be built following the City's future plans). This mixed property has: an 8-rooming house that makes $60000/year, a leased duplex (with 2x 1-bedroom units with huge parcel/backyard approx 50x50 ft attached) that makes $14100/year, in addition a restaurant making $9600/year on the first floor of the rooming house; producing a gross income $77780; net operating income $60880. Gross CAP RATE 8.20%. Insurance $5000. Parking for 6-12 cars, recent renovations include both bathrooms in the rooming house, porch and hallways, new carpet, new interior paint, SFH's roof fixed and new appliances. Recently the city awarded a grant to improve the property, primarily exterior. SELLER FINANCING AVAILABLE Seller finance up to 40% DP , 60% LTV, 6% interest, Balloon 5 yrs, 20 year amortization, no prepay penalty.

Price History
7/21/2021 Listed $829,000

General Features

Additional Parcels Y/N No
Association Y/N No
Building Area Units Square Feet
Carport Y/N No
City ORLANDO
Community Features Airport/Runway, None
Construction Materials Block
Cooling Wall/Window Unit(s)
County Orange
Days on Market 92
Directions FROM HWY 50 SOUTH ON PARRAMORE TO 415 SOUTH PARRAMORE
Exterior Features Balcony
Flooring Carpet
Garage Y/N No
Grossincome 77780
Heating Other
Interior Features Ceiling Fans(s)
Levels Two
Lot Size Square Feet 10436
MLS Area 32805 - Orlando/Washington Shores
New Construction No
Ownership Sole Proprietor
Private Pool No
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Completed
Roof Built-Up, Shingle
Senior Community Y/N No
Sewer Private Sewer
Standard Status Active
Status Active
Street Name PARRAMORE
Subdivision Name PARRAMORE
Tax Annual Amount 4981
Tax Lot 031
Tax Year 2020
Terms Cash, Conventional, Private Financing Available, Special Funding
Total Number of Buildings 2
Total Units 2
Township 22
Utilities Private
Virtual Tour https://www.propertypanorama.com/instaview/stellar/S5053848
Water Access YN No
Year Built 1952
Zoning AC1/T

Interior Features

Fireplace Y/N No
Flood Zone Code Zone x
Living Area 3835
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix AVENUE

Exterior Features

Building Area Total 4343
Foundation Details Slab
Lot Features City Limits, Paved
Lot Size Acres 0.24
Road Surface Type Asphalt
Water Extras YN No
Water Source Private
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32805

Price
AVG $490K
$830K
Taxes
AVG $2,715
$4,981
Visits
AVG 85
164
Year Built
AVG 1953
1952
Walkscore
AVG 70
78
Data Provided by Walkscore ® not using MLS data

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