$260,000
$299,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,848 SqFt
SOLD DATE : 03/12/2024
Key Details
Sold Price $260,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,848 sqft
Price per Sqft $91
Subdivision Bithlo Ranches Unrec
MLS Listing ID V4934281
Sold Date 03/12/24
Bedrooms 4
Full Baths 4
Construction Status Financing
HOA Y/N No
Originating Board Stellar MLS
Year Built 1971
Annual Tax Amount $1,297
Lot Size 0.850 Acres
Acres 0.85
Property Description
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.
Location
State FL
County Orange
Community Bithlo Ranches Unrec
Zoning R-T-2
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplace false
Appliance Refrigerator
Laundry Other
Exterior
Exterior Feature Storage
Parking Features Boat, Golf Cart Garage, Golf Cart Parking, RV Parking, Workshop in Garage
Garage Spaces 2.0
Fence Chain Link
Utilities Available Electricity Connected
View Trees/Woods
Roof Type Shingle
Porch Covered
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Corner Lot
Entry Level One
Foundation Concrete Perimeter, Crawlspace
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Architectural Style Bungalow
Structure Type Block
New Construction false
Construction Status Financing
Schools
Elementary Schools Columbia Elem
Middle Schools Corner Lake Middle
High Schools East River High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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