House of the Day: Spanish Colonial compound on Shine asking $830,000

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SPONSORED: This compound of three separate buildings is perched atop a corner lot, tucked away on one of the best streets in Colonialtown South, at 447 N. Shine Avenue [GMap], directly across the street from the Downtown Orlando YMCA.

This cluster of Spanish Colonial homes was originally built in 1925 and features four individual rental units; two 2/1 units and another two individual 1/1 apartments, each of which comes with its own private outdoor space.

All the apartments have all been renovated to include new granite countertops, travertine floors, stainless-steel appliances, on-demand hot water heaters, and double-pane energy-efficient windows.

The property currently provides an annual income of $65,400 with two of the apartments renting at $100/month below local market value, but they are scheduled to increase on October 1st, increasing the income to $67,800 annually.

This property comes with on-site and off-site parking and no HOA.

The current asking price is $830,000.

Click HERE to see the listing or to arrange a tour, or contact Katie Bray, Mainframe Real Estate, 407-779-6677  or [email protected]. Or click HERE for a virtual tour.

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