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  4. 806 Palmer Street, ORLANDO, FL 32801
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806 Palmer Street
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PRICED AT ONLY: $1,174,900

Address: 806 Palmer Street, ORLANDO, FL 32801

Description

This unique multifamily investment opportunity is a one of a kind portfolio is must see. Comprising a front duplex and a single family home in the back, this property offers the perfect blend of modern living and income potential. Located just three blocks south of downtown Orlando, this 95% new constructioncompleted in July 2023sits on a quiet street in the highly sought after Lake Davis neighborhood. Surrounded by lush landscaping, large oak trees, and beautiful city parks, this is a prime location that provides tranquility while being close to everything Orlando has to offer. Lake Davis is only two blocks away, and the property is conveniently located near Delaney Park and Lake Eola. Top attractions such as the Dr. Phillips Performing Arts Center, the Amway Center, and ORMC are less than 2 miles away Each unit features high end finishes and top of the line amenities. They include separate water and electrical meters, open concept living rooms and kitchens, and smart home technology like Alexa controlled recessed lights and ceiling fans. The homes are beautifully finished with Shaw Floorte PRO 7 floors, Mi Low E double pane casement windows, Infinity quartzite natural stone countertops, and 42 all wood shaker cabinets. Kitchens are equipped with convection ovens, induction stovetops, vented hoods, stainless steel appliances, and farmhouse sinks. Both front units offer covered porches and one parking space each, with additional storage available in a secure 3'x8' room off the rear unit. The back unit boasts a spacious 8'x16' Trex composite deck and a one car garage with insulated door, jack shaft auto deadbolt opener, and 50 amp car charger plug. The shared community space features a picnic table, grill area, and overhead string lights for a welcoming outdoor atmosphere. This property has been meticulously constructed with new roofing, plumbing, electrical systems, and framing. Key upgrades include Bora Care termite treatment for wood framing, hurricane rated materials, insulated dividing walls for soundproofing, and even underground AT&T fiber internet. Currently, one of the front units is leased month to month, and seller is evaluating multiple tenants to lease the other front unit. Seller is choosing to keep the rear unit vacant. As long as one of the units is designated as a long term rental, one of the others can be used to generate income through as an Airbnb, or all three units can be utilized as investment properties. Whether youre looking for a triplex to call home or a smart investment with long term potential, this property offers it all.

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  • MLS#: O6274985 ( Residential Income )
  • Street Address: 806 Palmer Street
  • Viewed: 139
  • Price: $1,174,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 3
  • Garage / Parking Spaces: 1
  • Days On Market: 214

Description

This unique multifamily investment opportunity is a one of a kind portfolio is must see. Comprising a front duplex and a single family home in the back, this property offers the perfect blend of modern living and income potential. Located just three blocks south of downtown Orlando, this 95% new constructioncompleted in July 2023sits on a quiet street in the highly sought after Lake Davis neighborhood. Surrounded by lush landscaping, large oak trees, and beautiful city parks, this is a prime location that provides tranquility while being close to everything Orlando has to offer. Lake Davis is only two blocks away, and the property is conveniently located near Delaney Park and Lake Eola. Top attractions such as the Dr. Phillips Performing Arts Center, the Amway Center, and ORMC are less than 2 miles away Each unit features high end finishes and top of the line amenities. They include separate water and electrical meters, open concept living rooms and kitchens, and smart home technology like Alexa controlled recessed lights and ceiling fans. The homes are beautifully finished with Shaw Floorte PRO 7 floors, Mi Low E double pane casement windows, Infinity quartzite natural stone countertops, and 42 all wood shaker cabinets. Kitchens are equipped with convection ovens, induction stovetops, vented hoods, stainless steel appliances, and farmhouse sinks. Both front units offer covered porches and one parking space each, with additional storage available in a secure 3'x8' room off the rear unit. The back unit boasts a spacious 8'x16' Trex composite deck and a one car garage with insulated door, jack shaft auto deadbolt opener, and 50 amp car charger plug. The shared community space features a picnic table, grill area, and overhead string lights for a welcoming outdoor atmosphere. This property has been meticulously constructed with new roofing, plumbing, electrical systems, and framing. Key upgrades include Bora Care termite treatment for wood framing, hurricane rated materials, insulated dividing walls for soundproofing, and even underground AT&T fiber internet. Currently, one of the front units is leased month to month, and seller is evaluating multiple tenants to lease the other front unit. Seller is choosing to keep the rear unit vacant. As long as one of the units is designated as a long term rental, one of the others can be used to generate income through as an Airbnb, or all three units can be utilized as investment properties. Whether youre looking for a triplex to call home or a smart investment with long term potential, this property offers it all.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Courtyard, Lighting, Rain Gutters, Sidewalk
  • Flooring: Luxury Vinyl
  • Living Area: 2288.00
  • Other Structures: Other
  • Roof: Shingle
Land Information
  • Lot Features: Sidewalk, Street Brick
School Information
  • High School: Boone High
  • Middle School: Blankner School (K-8)
  • School Elementary: Blankner Elem
Garage and Parking
  • Garage Spaces: 1.00
  • Open Parking Spaces: 0.00
  • Parking Features: Electric Vehicle Charging Station(s), Garage Door Opener, Open
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ductless
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Water
Other Features
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Interior Features: Ceiling Fans(s), Open Floorplan, Stone Counters, Walk-In Closet(s)
  • Legal Description: WOODLAWN ADDITION F/33 LOT 3 BLK D
  • Levels: One
  • Area Major: 32801 - Orlando
  • Occupant Type: Tenant
  • Parcel Number: 36-22-29-9464-04-030
  • Views: 139
  • Zoning Code: R-2A/T/AN
Nearby Subdivisions
Daniel Bros Sub   Douglass Sub   Eola Rose Annex   Groves Sub   H W Fuller Sub   Hibiscus Court   Revised Daniels Bros Sub   Woodlawn Add  

Contact Info

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  2. The Real Estate Professional You Deserve
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  4. phoenixwade@gmail.com
Wade M. Berlin

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