803 N Thornton AVENUE Orlando, FL $ 1,395,000
803 N Thornton AVENUE
$ 1,395,000
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803 N Thornton AVENUE

Orlando, FL, 32803
$ 1,395,000
Bedrooms7 Baths4.0 Sq 3,120

Monthly Estimate*

$ 9,272

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Multi-Family Home for sale in Orlando, FL

for $1,395,000 with 7 bedrooms and 4 full baths. This 3,120 square foot home was built in 1947 on a lot size of 0.19.

Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.

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Multi-Family Active

Price

$ 1,395,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 18,317

Style

Quadruplex

Lot Size

0.19

Year Built

1947

Town/City

Orlando

County/Region

Orange

MLS | Web ID

O6205210

Features
General
Interior Features Primary Bedroom Main Floor
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected
Roof Shingle
Appliances Built-In Oven Refrigerator
Exterior Features Sidewalk
Zoning O-1/T
Garage Spaces 4
Construction Materials Block Wood Frame
Year Built 1947
Tenant Pays Electricity Water
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 88200
County Orange
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Attached Garage Yes
Subdivision Name OVERSTREET OAK HILL SUB
Garage Y/N Yes
Status Active
Directions Upon exiting I-4 East merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles then turn left onto N Thornton Avenue. You will find the triplex located on your right-ha
High School Winter Park High
City ORLANDO
Buyer Agent Compensation 2.25%
Disclosures Seller Property Disclosure
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 4
MLS Area 32803 - Orlando/Colonial Town
Lot Size Units Square Feet
Lot Size Square Feet 8124
Waterfront Y/N No
Carport Y/N No
Street Name Thornton
Elementary School Audubon Park K8
Land Lease Y/N No
Tax Annual Amount 18317
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6205210
Days on Market 6
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 18
Legal Description OVERSTREET OAK HILL SUB F/17 LOT 18 BLKD
Water Access Y/N No
Water View Y/N No
Flood Zone Code X
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Interior
Flooring Hardwood
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Common Area In Garage
Total Bedrooms 7
Total Baths 4
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Exterior
Parking Features Assigned
Water Source Public
Lot Size Area 8124
Foundation Details Slab
Number of Buildings 2
Building Area Total 4576
Street Suffix AVENUE
Lot Size Acres 0.19
Road Surface Type Paved
Covered Spaces 4
Number of Lots 1
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* Excluded Features
List By
Diamond Real Estate Group

Broker

TIphany@DREGorlando.com

Email

Affordability Calculator

$10,798
Per Month
86%
14%
0%
Monthly Principal & Interest
$9,272
Monthly Property Taxes
$1,526
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4270158 Elementary School
3325460 Middle School
Winter Park High High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$1,395,000 Listed Price

Map


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803 N Thornton AVENUE, Orlando, FL, 32803 is a Multi-Family Home for sale at $1,395,000 with 3,120 sqft and a lot size of 0.19. 803 N Thornton AVENUE has 7 bedrooms, 4.0 baths, and was built in 1947. The property's zip code is 32803 which is in Orlando, FL