![Single Family Residence in ORLANDO FL 1511 PARK LAKE STREET.jpg](https://photos.prod.cirrussystem.net/709/75401b53fbddd3eadfe6f328cef8fb55/3923929066.jpeg?d=s)
$549,000
1511 PARK LAKE STREET, ORLANDO, FL 32803
MLS #: O6132723
Under contract-accepting backup offers. Creative Financing is available with large down payment. This is your chance to own a DUPLEX in downtown Orlando, with a prime location in the Historic Lake Eola District! Just steps away from Lake Eola, which means residents will enjoy privileged access to parks, green spaces, and a wide variety of outdoor recreational options. The property is a true real estate gem, divided into a lower unit and an upper unit, each with 1 bedroom and 1 bathroom. This property boasts a unique advantage with an existing garage where investment potential comes into play. Imagine the possibility of converting that garage into an additional unit or a separate suite. The city will allow the future owner to convert this as an add-on to an existing unit ( could be a detached master bedroom with a private bedroom and wet-bar for extra cash-flow!) This would not only increase the property's value but also maximize the After Repair Value (ARV), providing an excellent opportunity for forward-thinking investors. Additionally, it's possible to legally rent out one of the units on Airbnb, with the necessary permits obtained. If rented on Airbnb, even one unit, with this location, this property could generate once remodeled easily $6,500+. Contact us today for more information and to seize this exceptional opportunity! A $2,000 credit is offered if the buyer chooses to work with our preferred lender. (#1 ranked lender in Central FL according to Zillow). This property also qualifies for the HomeTown Heroes Down Payment Assistance Program, with up to $35,000 towards your down payment and closing costs! This home would also be a great fit for the HOMESTYLE RENOVATION LOAN, where you can finance the rehab and construction of the garage into your purchase! Set up a showing for this property before it sells.
This Residential Income for sale with 2 bedrooms and bathrooms has 1,144.0 sq/ft is located at 200 & 200 1/2 HIBISCUS COURT, ORLANDO, FL, 32801 and has a list price of $460,000.0. This property is located in Orange County on 0.07 acres.
View additional information about 200 & 200 1/2 HIBISCUS COURT below. The information is provided by the listing broker and will include type of construction, school information, taxes, property interior and exterior details, waterfront view information, and any neighborhood amenity details that you will find in HIBISCUS COURT.
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200 & 200 1/2 HIBISCUS COURT, ORLANDO, FL 32801
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2024, Stellar MLS. All rights reserved.
Last Updated: June 30, 2024 | Source: Stellar MLS | MLS#: O6132723