18 S Primrose DriveOrlando, FL 32803Price: $205,000

Investor, builder and redevelopment opportunity in the highly desirable 32803 area near Downtown Orlando and the Milk District. Existing one-story residence sits on an approximately 3,107 SF lot and offers multiple potential strategies: complete a full renovation of the existing home or pursue demolition and new construction. The existing structure has a new roof but requires substantial interior renovation and additional exterior/electrical work, making this an ideal project for an experienced rehabber, contractor or builder. Based on discussions with the City of Orlando regarding the site, the property may support new residential construction with heated living area of up to approximately 50% of the lot area, or approximately 1,554 heated SF, subject to final plans, setbacks, permitting, zoning review and City approval. The narrow infill site creates an opportunity for a thoughtfully designed multi-story residence that maximizes the allowable building envelope. Property is being offered for its renovation and redevelopment potential. Existing improvements are sold as-is. Buyers and buyers' agents should independently verify zoning, legal lot status, permitted bedroom/bath count, square footage, setbacks, building envelope, utilities and all development requirements directly with the City of Orlando.