Dual-income opportunity in the heart of College Park - one of Orlando's most coveted neighborhoods. This rare offering features TWO completely separate residences on a single parcel: a 3-bedroom, 2.5-bathroom main home spanning 1,444 square feet with an in-unit laundry room and detached single-car garage, plus a fully independent 1-bedroom,… Read More 1-bathroom guest cottage at 651 square feet complete with a Florida room, in-unit laundry, and covered carport. Two addresses, two income streams, one investment. The property is zoned ORL-R-2B/T, a designation that permits up to two accessory dwelling units and one is already built and income-producing. Current market rent comps support $2,650–$2,850/month for the main house and $1,550–$1,750/month for the cottage, putting combined gross rental income in the range of $4,200–$4,600/month - over $50,000 in potential annual gross rents. This is in a neighborhood where median home values have climbed to nearly $718,000 and rents continue to appreciate. Whether you lease both units immediately or occupy one and offset your mortgage with the other, the numbers work from day one. Location is the long-term thesis. College Park's tree-lined streets and walkable Edgewater Drive corridor draw professionals, healthcare workers, and young families who pay a premium for in-town living and stay. AdventHealth's major campus is nearby, downtown Orlando is five minutes away, and I-4 access is immediate. Vacancy risk in this submarket is structurally low. Demand is consistent. New lots with this kind of zoning flexibility simply aren't being created. Opportunities to acquire two rentable structures on one parcel in College Park are extraordinary. Don't miss it. Read Less
Courtesy of PROPERTY LOGIC RE 407-909-3436
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
3
Square Ft.
2,095
Lot Size
0.21 Acres
Year Built
1950
MLS Number
O6404692
Additional Details
Property Access
Road Surface: Brick
Appliances & Equipment
Dishwasher, Range, Refrigerator
Building
Built in 1950, Living area: 2095, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block, Stucco
Cooling
Central Air
Exterior Features
Patio/Porch Features: Covered, Courtyard
Floors
Ceramic Tile
Foundation
Slab
Garage
1 space
Heating
Central
Interior Features
Thermostat, Vaulted Ceiling(s)
Laundry
In Kitchen
Lot
0.21 acres, Sidewalk, Street Brick
Parking
1 carport space, Garage Faces Side, Oversized, Workshop in Garage
Property
Other structures: Additional Single Family Home
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 23-22-29-1602-02-030, Public Survey Range: 29, Public Survey Section: 23, Annual Amount: $8,863.5, Tax Block: B, Tax Book Number: F-11, Legal Description: CONCORD PARK 1ST ADDITION F/11 LOT 3 BLKB, Lot: 3, Year: 2025, Zoning: R-2B/T
Utilities
Public, Water Source: Public
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