721 SEMINOLE AVE, ORLANDO, FL, 32804
$525,000
Residential
|
Bedrooms
4
|
Bathrooms
3
|
Living Area
2,095 Sqft
|
Lot Size
9,150 Sqft
|
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. 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 Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6404692 | Year Built: | 1950 | |
| Appliances: | Dishwasher, Range, Refrigerator | Construction Materials: | Block, Stucco | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Orange | Direction Faces: | West | |
| Exterior Features: | Courtyard | Flooring: | Ceramic Tile | |
| Foundation Details: | Slab | Furnished: | Unfurnished | |
| Heating: | Central | Laundry Features: | In Kitchen | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, VA Loan | Lot Features: | Sidewalk, Street Brick | |
| Occupant Type: | Vacant | Other Structures: | Additional Single Family Home | |
| Parking Features: | Garage Faces Side, Oversized, Workshop in Garage | Patio And Porch Features: | Covered | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Brick | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Call Listing Agent, Lock Box Coded | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Public | |
| Water Source: | Public | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Primary Bedroom: | Kitchen: | |||
| Great Room: | ||||
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