Photo 1 of 12
$260,000
Sold on 3/12/24
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
4 |
4.00 |
2,848 |
$1,297 |
1971 |
On the market:
46 days
|
View full details, 15 photos, school info, and price history
Nestled in the heart of Orlando, this 1971 Florida-style bungalow presents a unique opportunity for those looking for a renovation project, priced $150,000 below market value as a distressed property sale. The main house, constructed with original 1971 concrete blocks, spans 3 bedrooms and 3 baths with potential to convert into a 4 or 5 bedroom layout, and is in need of significant repairs and updates. The property sits on a generous 0.86-acre corner lot, fully enclosed with chain-link fencing and offering dual access from both intersecting roads, providing ample space for landscaping, gardening, citrus trees, or additional structures.
Additionally, there is a 550 sq ft mother-in-law unit featuring 1 bedroom and 1 bathroom, connected to the main house by a patio-style awning, ideal for an outdoor relaxation area or hot tub, but like the main house, it requires remodeling. A detached 2-car garage and workshop, spanning 1000 sq ft (20x50), offers ample space for vehicles, storage, and a dedicated workshop area. This property is perfect for parking boats, RVs, and work vehicles without the hassles of HOAs.
This property is an ideal investment for seasoned renovators or those seeking a project to tailor a home to their tastes. Situated in a desirable East Orlando location 100 yards from Hwy 50, the property offers a chance to capitalize on its potential post-renovation. Whether looking to create a dream home, invest in a profitable flip, or develop a rental income property, this bungalow and its accompanying structures offer a canvas for imagination and hard work. This is a unique investment opportunity in one of Florida's most vibrant cities. Cash buyers only.
Listing courtesy of Barbara Zapotocky, RE/MAX AEROSPACE REALTY