1529 INDIANA ST Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32805
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,516 sqft
Price per Sqft $149
Subdivision Rio Vista
MLS Listing ID TB8375014
Bedrooms 7
Full Baths 3
Construction Status Fixer
HOA Y/N No
Year Built 1936
Annual Tax Amount $2,799
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Three small rentals on a double lot. This Orlando property is rare: three homes on one double lot with R-2 zoning. Bustling area. Each unit has separate meters and upgraded electric panels. There are two sports arenas nearby. The prime location, near Amway Arena, Orlando Regional Medical Center, and the Amazon Warehouse, ensures strong rental demand. While the homes require significant work, debris clean-up, and lack HVAC, the current low rents present a substantial opportunity for increased income after renovations. Despite these drawbacks and the adjacent auto mechanic shop, the unique triplex configuration in a desirable location making this a compelling investment with significant upside potential for higher rental yields. This is a rare opportunity to acquire a multi-unit property in the highly sought-after Orlando hub. Per seller, potential commercial rezoning is possible.
Location
State FL
County Orange
Community Rio Vista
Area 32805 - Orlando/Washington Shores
Zoning R-2
Interior
Interior Features Ceiling Fans(s),Solid Surface Counters,Solid Wood Cabinets,Window Treatments
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Carpet,Laminate,Tile
Fireplace false
Appliance Dryer,Microwave,Range,Refrigerator,Washer
Laundry Electric Dryer Hookup,Inside,Washer Hookup
Exterior
Exterior Feature Other,Private Mailbox
Utilities Available Cable Connected,Electricity Connected
Roof Type Metal,Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace,Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Construction Status Fixer
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8375014