875 Miles Avenue, Unit 4Winter Park, FL 32789MLS Number O6201347

  • Price: $3,150,000
  • Est. Mortgage of $/month
  • 23 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Pending
875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789875 Miles Avenue Winter Park FL 32789
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  • 18Bedrooms
  • 0.5Acreage
  • 18Bathrooms
  • 2005Year Built
Under contract-accepting backup offers. Welcome to your income-producing oasis in the heart of Winter Park! These exclusive townhomes complex boasts six units, providing a rare opportunity for full control with no HOA fees. Each unit offers three bedrooms and two and a half bathrooms, fully upgraded to meet the highest standards of modern living, In addition 2 car garage , large upper patio and a fenced backyard. Recent renovations include a brand-new roof, redone in March 2021, ensuring durability and peace of mind for years to come. Select units feature new HVAC systems and water heaters, adding to the appeal of this investment opportunity. Strategically positioned, this property is a mere 5-15 minutes away from Downtown Orlando, the Mills District, and Downtown Winter Park, offering unparalleled convenience and access to the vibrant pulse of the city. Despite its prime location, all leases are currently under market value, presenting a promising chance to maximize returns. Currently fully occupied, these units offer below-market rents, making them an attractive proposition for investors seeking immediate cash flow. The updated interiors ensure tenant satisfaction and minimal maintenance, allowing you to build your portfolio effortlessly. Situated in the bustling Winter Park area, this property is surrounded by a myriad of shopping, dining, and entertainment options, catering to the diverse needs of tenants. Additionally, its close proximity to Rollins College adds to its appeal, attracting a steady stream of potential renters seeking convenience and quality living. Don't miss out on this exceptional opportunity to own six income-producing properties in one of Winter Park's most sought-after locations. Seize the chance to secure your financial future with this lucrative investment. Schedule a viewing today and experience the essence of effortless property ownership!
Listing Courtesy of HPL REALTY INVESTMENTS

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More Info

Location Information

  • Road Frontage DescriptionAsphalt

Rooms

  • Bedrooms18

Location

  • Address875 Miles Avenue
  • AreaWinter Park
  • CountyOrange
  • Exterior Features Balcony, Fence
  • StateFL
  • SubdivisionMinnesota Condos
  • TownWinter Park
  • Township 22
  • Zip32789

Property Information

  • Acreage0.5
  • Attached Garage YN Yes
  • Lot Size Square Feet 2,701
  • MFR Living Area Meters 172
  • MFR Lot Size Square Meters 251
  • MFR Total Acreage 1/2 to less than 1
  • Square Feet1,852

Basic Information

  • Lease Term Twelve Months
  • List Price$3,150,000
  • MLS NumberO6201347
  • Mls Status Pending
  • StatusPEN

Building

  • Bathroom18
  • Construction Materials Block, Concrete, Stucco
  • Foundation Details Slab
  • GarageYes
  • Garage Spaces12
  • RoofCement, Tile
  • Units6
  • Year Built2005

Water Body

  • MFR Water Access YN No
  • Water ViewNo

Tax Information

  • Tax Year 2023
  • Taxes$4,757

Basic Information

  • Property SubTypeMulti-Family
  • Special Listing Conditions None
  • Total Actual Rent $16,450
  • Unit Number4
  • Virtual TourView Tour

Property

  • ZoningR-3

Utilities

  • Cooling Central Air
  • Heating Central
  • Laundry Features Laundry Closet
  • Sewer Public Sewer
  • Utilities Public
  • Water Source Public

Other

  • Date Listed05/02/2024
  • Gross Income $197,400
  • MFR Annual Net Income $160,627
  • MFR Flood Zone Code x
  • View Count15
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of May 24, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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