Pending

875 MILES AVE #4

WINTER PARK FL, 32789

$3,150,000


$1,700.86 per sqft

Pending

18 Beds

18 Baths

1,852 sqft

Multi-family

Built in 2005

Under contract-accepting backup offers. Welcome to your income-producing oasis in the heart of Winter Park! These exclusive townhomes complex boasts six units, providing a rare opportunity for full control with no HOA fees. Each unit offers three bedrooms and two and a half bathrooms, fully upgraded to meet the highest standards of modern living,
In addition 2 car garage , large upper patio and a fenced backyard.
Recent renovations include a brand-new roof, redone in March 2021, ensuring durability and peace of mind for years to come. Select units feature new HVAC systems and water heaters, adding to the appeal of this investment opportunity.
Strategically positioned, this property is a mere 5-15 minutes away from Downtown Orlando, the Mills District, and Downtown Winter Park, offering unparalleled convenience and access to the vibrant pulse of the city. Despite its prime location, all leases are currently under market value, presenting a promising chance to maximize returns.
Currently fully occupied, these units offer below-market rents, making them an attractive proposition for investors seeking immediate cash flow. The updated interiors ensure tenant satisfaction and minimal maintenance, allowing you to build your portfolio effortlessly.
Situated in the bustling Winter Park area, this property is surrounded by a myriad of shopping, dining, and entertainment options, catering to the diverse needs of tenants. Additionally, its close proximity to Rollins College adds to its appeal, attracting a steady stream of potential renters seeking convenience and quality living.
Don't miss out on this exceptional opportunity to own six income-producing properties in one of Winter Park's most sought-after locations. Seize the chance to secure your financial future with this lucrative investment. Schedule a viewing today and experience the essence of effortless property ownership!

O6201347

MLS ID

April 26, 2024

Listed

May 10, 2024

Updated

Map

875 MILES AVE #4
WINTER PARK FL, 32789

Interior Features

Bedrooms

18


Total Bathrooms

18


Interior Features

Ceiling Fans(s), Crown Molding, Primary Bedroom Upstairs, Stone Counters, Walk-In Closet(s), Window Treatments


Laundry Description

Laundry Closet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.06 Acres


Exterior Features

Balcony, Fence


Roof

Cement, Tile


Sewer

Public Sewer

Other Property Details

Area Name

32789 - Winter Park


Taxes

$4,757


Tax Frequency

Annually


Days on Market

7


Garage

Yes


Garage Spaces

12


View

No


County

Orange


Municipality

22


Water Source

Public


Pool

No


Zoning

R-3


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/10/2024

Pending

Listed by HPL REALTY INVESTMENTS
Listing Contact: 321-945-2367 

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Data last updated 5/10/2024, 11:39 PM UTC

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