Orlando, FL 32805,505-507 JERNIGAN AVE

$270,000

Est. payment /mo

$270,000

Est.Price: ?

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505-507 JERNIGAN AVE Orlando, FL 32805

1,320 SqFt

SOLD DATE : 04/21/2023

Key Details

Sold Price $270,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,320 sqft

Price per Sqft $204

Subdivision H Carl Dann Resub F/2 Lot 6 Blk B

MLS Listing ID O6099933

Sold Date 04/21/23

Construction Status No Contingency

HOA Y/N No

Originating Board Stellar MLS

Year Built 1967

Annual Tax Amount $1,635

Lot Size 6,098 Sqft

Acres 0.14

Property Description

These units are currently below fair market value with long term tenants. Property potential rental based off local comps is $1,100 per unit. This property is close to the downtown area. Located on corner lot, the duplex was built in 1967 with concrete block and terrazzo floors. Roof replaced approximately 4 years ago. Property needs complete updating due to long term tenants who maintained their own unit for lower rent base. One unit still rented. The second unit is in the process of being cleared out. The interior floorplan is open with 2 bedrooms and a bathroom off the family space. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF’s Downtown Campus, and Creative Village. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits.

Location

State FL

County Orange

Community H Carl Dann Resub F/2 Lot 6 Blk B

Zoning R-2A/T/PH

Interior

Interior Features Other

Heating Wall Units / Window Unit

Cooling Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Other

Utilities Available Electricity Available

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status No Contingency

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by KELLER WILLIAMS REALTY AT THE PARKS
Bought with KELLER WILLIAMS REALTY AT THE PARKS

Kristin Hallamek

Broker Associate | License ID: BK3141669

+1(727) 642-7985

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