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1814 Hollenbeck Drive, Orlando, FL 32806
$950,000
1814 Hollenbeck Drive, Orlando, FL 32806View this property at 1814 Hollenbeck Drive, Orlando, FL 32806
1814 Hollenbeck DriveOrlandoFL32806
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Property Description
Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. Property Features: Mixed-Use Setup: Currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. Multiple Entrances: The main house boasts convenient access points, including a front door, rear primary suite entrance, and outdoor stairs to the second floor, providing flexibility for rental configurations. Expansion Potential: With an additional 1000+ square feet upstairs, envision the possibility of creating extra rental units or expanding existing ones, enhancing revenue streams. Strategic Location: Situated on a generous 0.32-acre lot behind a commercial plaza, this property is a short drive from downtown Orlando, with easy access to major thoroughfares like I4 and mere minutes away from ORMC. Income Projection: Currently generating $4000/month, the property has the potential to yield up to $6000/month with updated rents and full occupancy, offering a gross yearly income of $72,000. Financial Benefits: With a renovated upstairs, the pro forma income could soar to $8600/month, resulting in a gross income of $103,000 and offering a solid 7% cap rate, factoring in expenses and full occupancy with long-term leases. Plus, switching to a short/medium-term rental strategy could substantially increase returns. Ample Parking: The expansive lot accommodates multiple vehicles, ensuring convenience for both residents and visitors. Unique Charm & Versatility: Beyond its financial appeal, this property exudes character and versatility: Double Lot Potential: With a double lot, the possibilities are endless, whether you choose to expand the existing structures or explore new development opportunities. Flexible Layout: The main home features three bedrooms, two baths, and a charming blend of oak and pine wood flooring. Additionally, an unfinished upstairs offers the potential to add 2-3 more rooms, catering to diverse tenant needs. Income-Generating Extras: From studio apartments to a functional office space and additional amenities like a washroom and storage areas, every inch of this property is primed for revenue generation. Seller Financing: For qualified buyers, seller financing is on the table, with favorable terms including a 40% down payment, a maximum 5-year balloon, and competitive interest rates. Explore Your Options Today: Don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a myriad of options for maximizing returns. Schedule a viewing today and unlock the full potential of this prime Orlando gem!
Full Property Details
Full Property Details for 1814 Hollenbeck Dr
General
- Price: $950,000
- Taxes: $8,313 (2023)
- Status: Active
- Type: Single Family
- MLS ID: S5103857
- Updated: 4/29/2024
- Added to Site: 10 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 8
- Interior Features: Accessibility Features, Ceiling Fan(s), Primary Bedroom Main Floor, Thermostat
- Fireplace: Yes
- Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
- Flooring: Carpet, Terrazzo, Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Common Area, Electric Dryer Hookup, Outside, Washer Hookup
Exterior
- Exterior Features: Awning(s), Courtyard, Lighting
Parking
- Carports: Yes
- Carport: 2
- Carport Spaces: 2
- Covered Spaces: 2
Location
- Area: 32806 - Orlando/Delaney Park/Crystal Lake
- County: Orange
- Development Name: 32806 - Orlando/Delaney Park/Crystal Lake
- Subdivision: JACOB A HOLLENBECKS SUB
- Driving Directions: Going north on Orange Avenue, TR on Kaley. TL at first street onto Hollenbeck Drive. Home will be on your left near the end of the road, prior to the curve.
- Direction Faces: East
School Information
- High School: Boone High
Community
- Community Name: 32806 - Orlando/Delaney Park/Crystal Lake
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Electricity Connected, Phone Available
Structural Information
- Exterior Const.: Cement Siding, Stucco
- Roof: Other, Shingle
- Stories/Levels: Two
- Square Feet: 2,889
- Sq. Ft. Source: Owner
- Year Built: 1938
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 13,996
- Lot Size: 13996
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $8,313.33
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: JACOB A HOLLENBECKS SUB G/12 LOTS 4 & 5BLK B
- Flood Zone Info: X
- APN: 12329368802040
- Property ID: 12329368802040
- Block/Lot/Section: B
Listed by Lifestyle International Realty
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Schools
Schools serving 1814 Hollenbeck Dr
School District:Orange County School District
Rating | Name | Grades | Distance |
---|---|---|---|
2500 S Mills Ave, Orlando, FL 32806 | PK-8 | 0.8 mi | |
5903 Randolph Ave, Belle Isle, FL 32809 | K-8 | 3.4 mi | |
1000 E Kaley St, Orlando, FL 32806 | 9-12 | 0.7 mi | |
5903 Randolph Ave, Belle Isle, FL 32809 | 9-12 | 3.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1814 Hollenbeck Dr
Date
Details
Price
Change
Source
4/25/2024
Listed
$950,000
949900%
MLS
11/18/2019
Sold
$100
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1814 Hollenbeck Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,313
8%
$488,444
7%
2022
$7,685
14%
$457,970
28%
2021
$6,727
3%
$357,822
—
2019
$6,539
—
$356,486
5%
2019
$6,539
-1%
$340,321
—
2018
$6,633
85%
$341,580
52%
2017
$3,585
1%
$225,274
2%
2016
$3,563
24%
$220,641
1%
2015
$2,866
—
$219,107
1%
2014
$2,879
-15%
$217,368
1%
2013
$3,395
—
$214,156
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1814 Hollenbeck Dr
1814 Hollenbeck Drive, Orlando, FL 32806 (MLS# S5103857) is a Single Family property with 5 bedrooms and 4 full bathrooms. 1814 Hollenbeck Drive is currently listed for $950,000 and was received on April 25, 2024. Want to learn more about 1814 Hollenbeck Drive? Do you have questions about finding other Single Family real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.