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875 MILES AVE #4 Winter Park, FL 32789
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Key Details
Sold Price $2,925,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,852 sqft
Price per Sqft $1,579
Subdivision Minnesota Condos
MLS Listing ID O6201347
Sold Date 10/25/24
Bedrooms 18
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 2005
Annual Tax Amount $4,757
Lot Size 0.500 Acres
Acres 0.5
Property Description
Welcome to your income-producing oasis in the heart of Winter Park! These exclusive townhomes complex boasts six units, providing a rare opportunity for full control with no HOA fees. Each unit offers three bedrooms and two and a half bathrooms, fully upgraded to meet the highest standards of modern living,
In addition 2 car garage , large upper patio and a fenced backyard.
Recent renovations include a brand-new roof, redone in March 2021, ensuring durability and peace of mind for years to come. Select units feature new HVAC systems and water heaters, adding to the appeal of this investment opportunity.
Strategically positioned, this property is a mere 5-15 minutes away from Downtown Orlando, the Mills District, and Downtown Winter Park, offering unparalleled convenience and access to the vibrant pulse of the city. Despite its prime location, all leases are currently under market value, presenting a promising chance to maximize returns.
Currently fully occupied, these units offer below-market rents, making them an attractive proposition for investors seeking immediate cash flow. The updated interiors ensure tenant satisfaction and minimal maintenance, allowing you to build your portfolio effortlessly.
Situated in the bustling Winter Park area, this property is surrounded by a myriad of shopping, dining, and entertainment options, catering to the diverse needs of tenants. Additionally, its close proximity to Rollins College adds to its appeal, attracting a steady stream of potential renters seeking convenience and quality living.
Don't miss out on this exceptional opportunity to own six income-producing properties in one of Winter Park's most sought-after locations. Seize the chance to secure your financial future with this lucrative investment. Schedule a viewing today and experience the essence of effortless property ownership!
Location
State FL
County Orange
Community Minnesota Condos
Zoning R-3
Interior
Interior Features Ceiling Fans(s), Crown Molding, PrimaryBedroom Upstairs, Stone Counters, Walk-In Closet(s), Window Treatments
Heating Central
Cooling Central Air
Fireplace false
Laundry Laundry Closet
Exterior
Exterior Feature Balcony, Fence
Garage Spaces 12.0
Utilities Available Public
Roof Type Cement,Tile
Attached Garage true
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Condominium
Special Listing Condition None
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Bought with HPL REALTY INVESTMENTS