2409 Winston Avenue
2409 Winston Avenue
$290,000
3
3
1,349
1,349
$215
Sold 1/29/24
Description
Rare turnkey, already cash flowing asset in the quietest corner of Lake Fairview! The landlord’s retirement offers you the unique chance to snatch up this approved triplex, boasting three high quality 1/1 units, at a hard to come by 8.4% cap rate as-is. Pros: All units currently rented on 1 year leases, with never a day of vacancy in the last 5 years. Separate meters and water heaters per unit. Separate kitchen with fridge/oven for each. Property has been professionally maintained, with service records...Rare turnkey, already cash flowing asset in the quietest corner of Lake Fairview! The landlord’s retirement offers you the unique chance to snatch up this approved triplex, boasting three high quality 1/1 units, at a hard to come by 8.4% cap rate as-is. Pros: All units currently rented on 1 year leases, with never a day of vacancy in the last 5 years. Separate meters and water heaters per unit. Separate kitchen with fridge/oven for each. Property has been professionally maintained, with service records available. New roof in 2017, with transferable warranty. Units A & B fully remodeled 5 years ago, Unit C fully remodeled last month. Cons: No central air. Separate window AC units per unit (Unit A & B 5 years old, Unit C 1 year old). Water heater ages unknown for Unit A & B, 1 year old for Unit C. A few windows are difficult to open and might need replacement, but nothing broken. Investor notes:
Current LTR rental gross: 33,300 /yr, but two long-term residents at less than market rate. Market rate rent in current condition: $36,000 /yr, with a waiting list for occupancy. Tenants pay own utilities, except for water. Current expenses: $5,000 /yr for maintenance, water, insurance, lawncare and taxes. No HOA/CDD. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment. Unit C is temporarily vacant until 11/1 for renovations and on a lockbox. Easy to show.
Current LTR rental gross: 33,300 /yr, but two long-term residents at less than market rate. Market rate rent in current condition: $36,000 /yr, with a waiting list for occupancy. Tenants pay own utilities, except for water. Current expenses: $5,000 /yr for maintenance, water, insurance, lawncare and taxes. No HOA/CDD. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment. Unit C is temporarily vacant until 11/1 for renovations and on a lockbox. Easy to show.
- Listed by Richard Peters • CHARLES RUTENBERG REALTY INC
Property Details for 2409 Winston Avenue
Subdivision Name
FAIRVIEW GARDENS
Township22
WaterfrontNo
Location
LISTING UPDATED: 01/30/2024 08:13 AM
Property Details for 2409 Winston Avenue
Status | Sold |
---|---|
MLS # | T3476589 |
Days on Market | 81 |
Taxes | $1,633 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1948 |
Lot Size | 0.29 AC / 12,510 SF |
County | Orange County |
Location
Building Information for 2409 Winston Avenue
Stories-Year Built1948Building Size-Lot Size0.29 AC / 12,510 SF
Payment Calculator
$1,719 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2409 Winston Avenue
Property History for 2409 Winston Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2409 Winston Avenue
Taxable ValueLand$32,000Additions$59,430Total$91,430
Tax Record2023$2,057 ($171 / month)
Home Facts
Total Finished SqFt1,349 SqFtAbove Grade Finished SqFt1,349 SqFtStories1Lot Size12,510 SqFtStyleTriplexYear Built1948Year Renovated1955ZoningR-2CountyORANGEAPN04-22-29-2612-01-070
Schools near 2409 Winston Avenue
This home is within Orange.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Charter - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 8 to 12 |
Rating | School | Distance |
---|---|---|
Lake Weston Elementary School PublicPK to 5 | ||
Cornerstone Academy Charter CharterK to 8 | ||
Lockhart Middle School Public6 to 8 | ||
Winter Park 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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