BEDS4
BATHS3 full
SQUARE FEET2,095
MLS#O6404692
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCONCORD PARK 1ST
Property Description
Dual-income opportunity in the heart of College Park - one of Orlando's most coveted neighborhoods. This rare offering features TWO completely separate residences on a single parcel: a 3-bedroom, 2.5-bathroom main home spanning 1,444 square feet with an in-unit laundry room and detached single-car garage, plus a fully independent 1-bedroom, 1-bathroom guest cottage at 651 square feet complete with a Florida room, in-unit laundry, and covered carport. NEWER ROOFS on both homes 2022. NEWER AC SYSTEMS on both homes 2023. Two addresses, two income streams, one investment. The property is zoned ORL-R-2B/T, a designation that permits up to two accessory dwelling units and one is already built and income-producing. Current market rent comps support $2,650-$2,850/month for the main house and $1,550-$1,750/month for the cottage, putting combined gross rental income in the range of $4,200-$4,600/month - over $50,000 in potential annual gross rents. This is in a neighborhood where median home values have climbed to nearly $718,000 and rents continue to appreciate. Whether you lease both units immediately or occupy one and offset your mortgage with the other, the numbers work from day one. Location is the long-term thesis. College Park's tree-lined streets and walkable Edgewater Drive corridor draw professionals, healthcare workers, and young families who pay a premium for in-town living and stay. AdventHealth's major campus is nearby, downtown Orlando is five minutes away, and I-4 access is immediate. Vacancy risk in this submarket is structurally low. Demand is consistent. New lots with this kind of zoning flexibility simply aren't being created. Opportunities to acquire two rentable structures on one parcel in College Park are extraordinary. Don't miss it.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Garage: 1
Heating: Central
Lot Size: 0.21 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $8,863
Year Built: 1950
Amenities
Thermostat
Vaulted Ceiling(s)
Courtyard
Feature Descriptions
Appliances: Dishwasher, Range, Refrigerator
Days on Site: 2
Directions: From Colonial Dr turn North onto Edgewater Dr. Then Left onto Boardman St. Then Turn left onto Seminole Ave. Home is on the left 721 Seminole Ave.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Ceramic Tile
Foundation: Slab
Garage Dimensions: 22x14
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, VA Loan
Lot: Sidewalk, Street Brick
Lot Dimensions: 0.21
Other Structures: Additional Single Family Home
Ownership: Fee Simple
Parking: Garage Faces Side, Oversized, Workshop in Garage
Parking Notes: Garage Faces Side, Oversized, Workshop in Garage
Patio/Porch: Covered
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Lock Box Coded
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: R-2B/T
Listed By / Shown By
Listed By
Agency Name: PROPERTY LOGIC RE
Agency Contact: 407-909-3436
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 2,060.13 per month $1,168.42 Principal & Interest $738.58 Property Tax $153.13 Homeowner's InsuranceChange Payment Information
721 Seminole Avenue | MLS# O6404692
This single family home located at 721 Seminole Avenue, Orlando, FL 32804 is currently listed for sale with an asking price of $525,000. This property was built in 1950 and has 4 bedrooms and 3 full baths with 2095 sq. ft. Seminole Avenue is located in the CONCORD PARK 1ST subdivision. Search CONCORD PARK 1ST real estate on www.realtymark.net today.