721 Seminole Avenue, ORLANDO, FL 32804
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  • MLS#: O6404692 ( Residential )
  • Street Address: 721 Seminole Avenue
  • Viewed: 10
  • Price: $525,000
  • Price sqft: $171
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 3070
  • Bedrooms: 4
  • Total Baths: 3
  • Full Baths: 3
  • Garage / Parking Spaces: 2
  • Days On Market: 7
  • Additional Information
  • Geolocation: 28.5538 / -81.3896
  • County: ORANGE
  • City: ORLANDO
  • Zipcode: 32804
  • Subdivision: Concord Park 1st Add
  • Provided by: PROPERTY LOGIC RE
  • Contact: Alex Quezada
  • 407-909-3436
  • mfrmls
  • DMCA Notice
  • Description
    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. NEWER ROOFS on both homes 2022. NEWER AC SYSTEMS on both homes 2023. 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Courtyard
  • Flooring: Ceramic Tile
  • Living Area: 2095.00
  • Other Structures: Additional Single Family Home
  • Roof: Shingle
Land Information
  • Lot Features: Sidewalk, Street Brick
Garage and Parking
  • Garage Spaces: 1.00
  • Open Parking Spaces: 0.00
  • Parking Features: Garage Faces Side, Oversized, Workshop in Garage
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 1.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Dishwasher, Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Thermostat, Vaulted Ceiling(s)
  • Legal Description: CONCORD PARK 1ST ADDITION F/11 LOT 3 BLKB
  • Levels: One
  • Area Major: 32804 - Orlando/College Park
  • Occupant Type: Vacant
  • Parcel Number: 23-22-29-1602-02-030
  • Views: 10
  • Zoning Code: R-2B/T
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  1. MLSID: O6395633
  2. Provided by COMPASS FLORIDA LLC
  3. Contact Leighton Hope
  4. mfrmls
  5. DMCA Notice
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  1. Sara Oquendo, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.428.8657
  4. saraoquendo1972@gmail.com