1814 Hollenbeck Drive

Orlando, FL 32806

$950,000
Price
5
Beds
4
Baths
2,889 Sq. Ft.
$329 / Sq. Ft.
2,889
Sq. Ft.
$329
per Sq. Ft.

Description

Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. Property Features:
Mixed-Use Setup: Currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. Multiple Entrances: The main house boasts convenient access points, including a front door, rear primary suite entrance,
...Welcome to your next investment opportunity just a block away from the Orlando Regional Medical Center. This property isn't just a residential home; it can be a cash flow machine with a lot of potential. Property Features:

Mixed-Use Setup: Currently, the property consists of a residential home with an attached duplex, already occupied by tenants, offering immediate income potential. Multiple Entrances: The main house boasts convenient access points, including a front door, rear primary suite entrance, and outdoor stairs to the second floor, providing flexibility for rental configurations. Expansion Potential: With an additional 1000+ square feet upstairs, envision the possibility of creating extra rental units or expanding existing ones, enhancing revenue streams. Strategic Location: Situated on a generous 0.32-acre lot behind a commercial plaza, this property is a short drive from downtown Orlando, with easy access to major thoroughfares like I4 and mere minutes away from ORMC. Income Projection: Currently generating $4000/month, the property has the potential to yield up to $6000/month with updated rents and full occupancy, offering a gross yearly income of $72,000. Financial Benefits: With a renovated upstairs, the pro forma income could soar to $8600/month, resulting in a gross income of $103,000 and offering a solid 7% cap rate, factoring in expenses and full occupancy with long-term leases. Plus, switching to a short/medium-term rental strategy could substantially increase returns. Ample Parking: The expansive lot accommodates multiple vehicles, ensuring convenience for both residents and visitors. Unique Charm & Versatility:

Beyond its financial appeal, this property exudes character and versatility:

Double Lot Potential: With a double lot, the possibilities are endless, whether you choose to expand the existing structures or explore new development opportunities. Flexible Layout: The main home features three bedrooms, two baths, and a charming blend of oak and pine wood flooring. Additionally, an unfinished upstairs offers the potential to add 2-3 more rooms, catering to diverse tenant needs. Income-Generating Extras: From studio apartments to a functional office space and additional amenities like a washroom and storage areas, every inch of this property is primed for revenue generation. Seller Financing: For qualified buyers, seller financing is on the table, with favorable terms including a 40% down payment, a maximum 5-year balloon, and competitive interest rates. Explore Your Options Today:

Don't miss out on this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a myriad of options for maximizing returns. Schedule a viewing today and unlock the full potential of this prime Orlando gem!
  1. Listed by Ronald Fallows, III • LIFESTYLE INTERNATIONAL REALTY

Property Details for 1814 Hollenbeck Drive

Subdivision Name
JACOB A HOLLENBECKS SUB
Township
23
Carport Spaces
2
Waterfront
No

Location

Listing Courtesy of LIFESTYLE INTERNATIONAL REALTY, Ronald Fallows, III
Add your commute
LISTING UPDATED: 04/29/2024 02:02 AM

Property Details for 1814 Hollenbeck Drive

StatusActive
MLS #S5103857
Days on Market13
Taxes$8,313 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1938
Lot Size0.32 AC / 13,996 SF
CountyOrange County

Location

Listing Courtesy of LIFESTYLE INTERNATIONAL REALTY, Ronald Fallows, III
Add your commute

Virtual Tour

Building Information for 1814 Hollenbeck Drive

Stories2Year Built1938Building Size-Lot Size0.32 AC / 13,996 SF

Payment Calculator

$5,877 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$693

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1814 Hollenbeck Drive

Summary
Location and General Information
  • Building Area Source: Owner
  • Building Area Total: 3353.0
  • Building Area Units: Square Feet
  • Direction Faces: East
  • Directions: Going north on Orange Avenue, TR on Kaley. TL at first street onto Hollenbeck Drive. Home will be on your left near the end of the road, prior to the curve.
  • High School: Boone High
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1814
  • Street Name: HOLLENBECK
  • Street Suffix: DRIVE
  • State: FL
  • City: ORLANDO
Parking
  • Available For Lease: Yes
  • Carport: Yes
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: B
  • Tax Book Number: G-12
  • Tax Legal Description: JACOB A HOLLENBECKS SUB G/12 LOTS 4 & 5BLK B
  • Tax Lot: 4
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 01-23-29-3688-02-040
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: No
  • Water Extras: No
  • Zoning: R-3A/T/SP
  • Living Area: 2889
Property and Assessments
  • Year Built Numeric: 1938
  • Flood Zone Code: X
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 29
  • Public Survey Section: 01
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Cement Siding, Stucco
  • Exterior Features: Awning(s), Courtyard, Lighting
  • Foundation Details: Slab
  • Levels: Two
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other, Shingle
  • Waterfront Feet Total: 0
  • Number Of Stories: 2
Interior Features
  • Bedrooms Total: 5
  • Bathrooms Full: 4
  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace: Yes
  • Flooring: Carpet, Terrazzo, Tile, Wood
  • Heating: Central, Electric
  • Interior Features: Accessibility Features, Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
  • Laundry Features: Common Area, Electric Dryer Hookup, Outside, Washer Hookup
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Room Count: 8.0
  • Water View: No
  • Bathrooms Half: 0
Room 1
  • Room Dimensions 1: 14x19.6
  • Room Length 1: 19.6
  • Room Level 1: First
  • Room Type 1: Family Room
  • Room Width 1: 14.0
Room 2
  • Room Dimensions 2: 13x16
  • Room Length 2: 16.0
  • Room Level 2: First
  • Room Type 2: Primary Bedroom
  • Room Width 2: 13.0
Room 3
  • Room Dimensions 3: 14x15.5
  • Room Length 3: 15.5
  • Room Level 3: First
  • Room Type 3: Kitchen
  • Room Width 3: 14.0
Room 4
  • Room Dimensions 4: 13x9.8
  • Room Length 4: 9.8
  • Room Level 4: First
  • Room Type 4: Bedroom 2
  • Room Width 4: 13.0
Room 5
  • Room Dimensions 5: 15.5x12
  • Room Length 5: 12.0
  • Room Level 5: First
  • Room Type 5: Dining Room
  • Room Width 5: 15.5
Room 6
  • Room Dimensions 6: 11.8x10.11
  • Room Length 6: 10.11
  • Room Level 6: First
  • Room Type 6: Bedroom 3
  • Room Width 6: 11.8
Room 7
  • Room Dimensions 7: 13.5x18.9
  • Room Length 7: 18.9
  • Room Level 7: First
  • Room Type 7: Living Room
  • Room Width 7: 13.5
Room 8
  • Room Level 8: First
  • Room Type 8: Kitchen
Rental
Rental Information
  • Currency Monthly Rent Amt: $4,000.00
  • Days Notice To Tenant If Not Ren: 30 days

Property History for 1814 Hollenbeck Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1814 Hollenbeck Drive

Taxable ValueLand$245,000Additions$243,444Total$488,444
Tax Record2023$8,313 ($693 / month)
Home Facts
Beds3Total Finished SqFt1,934 SqFtAbove Grade Finished SqFt1,934 SqFtStories1Lot Size13,994 SqFtStyleSingle Family ResidenceYear Built1938Year Renovated1975ZoningR-3A/T/SPCountyORANGEAPN01-23-29-3688-02-040Fireplace TypeHas Fireplace

Schools near 1814 Hollenbeck Drive

This home is within Orange.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - K to 8
Charter - 8 to 12
Public - 8 to 12
Rating
School
Distance
Blankner K-8
PublicPK to 8

Cornerstone Academy Charter
CharterK to 8

Cornerstone Charter Academy High School
Charter8 to 12

William R Boone High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1814 Hollenbeck Drive is a single family home for sale in Orlando, FL 32806. This property was listed for sale on April 18, 2024 by LIFESTYLE INTERNATIONAL REALTY, it's currently listed at $950,000. It has been on the market for a total of 13 days and was last sold on December 3, 2019. This listing's school district is Orange. Nearby schools include Blankner K-8, Cornerstone Academy Charter and Cornerstone Charter Academy High School. 1814 Hollenbeck Drive is a 5-bed, 4-bath, 2,889 sqft single family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LIFESTYLE INTERNATIONAL REALTY, Ronald Fallows, III

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/29/2024 02:02 AM