Residential Property - Single Family Residence in Orlando
Listing Price: $575,000 (Mortgage Calculator →)
Description of Property
Exceptional investment and development opportunity in the heart of Orlando, just minutes from Altamonte Springs. Situated on 2.88 acres, this unique property offers endless potential for investors, builders, and developers alike. The main home features 2 bedrooms and 1 bathroom and has been recently remodeled with modern upgrades including granite countertops, new kitchen cabinets, vinyl flooring, an updated bathroom with a ceramic tile shower and new vanity, plus a new electrical panel. The property also includes two AC units for added comfort. In addition, there is a spacious mother-in-law studio offering 2 bedrooms and 1 bathroom, currently tenant-occupied and generating rental income. The property also includes an RV hookup, adding even more flexibility and convenience for owners or guests. The true value of this property lies in the land and its incredible development potential. This is one of the last remaining large parcels in the neighborhood, with the possibility to subdivide and build additional homes. The seller already has a survey available to separate two lots, which will be provided to the new owner. For even greater opportunity, the adjacent property owned by the same seller is also available for purchase (it will be on the market soon), bringing the total combined acreage to approximately 9.5 acres. See the listing for 3412 Oranole Rd for additional details. This property presents an outstanding opportunity for a large residential construction project, especially as the city is currently in the process of approving townhomes in the area. Conveniently located near hospitals, clinics, colleges, shopping, Publix, The Home Depot, restaurants, and major roadways. Don’t miss this rare opportunity — schedule your showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Orlando
County: Orange
Subdivision: N/a
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,649
Sq. Ft. Living Area: 940
Cost per (heated) sqare foot: $612
Year built: 1957
Annual Tax: $4,129
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Other
Exterior Features: RV Hookup
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Sewer: Septic Tank
Water Source: Well
Lot Information
Lot Size (acres): 2.88
Lot Size (sq. ft.): 125,500 square feet
Front Exposure: North
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 282129000000003
Zoning: R-1
Tax Legal Desc.: W 132 FT OF NW1/4 OF NE1/4 OF NW1/4 & E65 FT OF NE1/4 OF NW1/4 OF NW1/4 (LESS 30 FT R/W ON N) SEC 28-21-29
Section: 28
Range: 29
Listing courtesy of HOME WISE REALTY GROUP, INC.. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.