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Sold for $1,250,000
  • $1,250,000

    803 N Thornton Ave, Orlando, FL 32803

    7beds
    4baths
    3,120sqft
    Quadruplex, Multi Family
    Built in 1947
    -- sqft lot
    $1,271,000 Zestimate®
    $401/sqft
    $2,368 Estimated rent

    Home value

    $1,271,000

    $1.18M - $1.37M

    $2,368/mo

    Zestimate® history
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    What's special

    Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tiphany Weeks 407-797-2931,

    DIAMOND REAL ESTATE GROUP 407-279-0448

    Bought with:

    Tiphany Weeks, 3310046

    DIAMOND REAL ESTATE GROUP

    Source: Stellar MLS,MLS#: O6205210MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Refrigerator
    • Laundry: Common Area, In Garage
    Features
    • Primary Bedroom Main Floor
    • Flooring: Hardwood
    • Has fireplace: No
    Interior area
    • Total structure area: 4,576
    • Total interior livable area: 3,120 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned
    • Attached garage spaces: 4
    Features
    • Exterior features: Sidewalk
    Lot
    • Size: 8,124 Square Feet
    Details
    • Parcel number: 242229649204180
    • Zoning: O-1/T
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Block, Wood Frame
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: OVERSTREET OAK HILL SUB
    HOA
    • Has HOA: No
    Location
    • Region: Orlando

    Financial & listing details

    • Price per square foot: $401/sqft
    • Tax assessed value: $1,048,826
    • Annual tax amount: $18,317
    • Date on market: 5/16/2024
    • Cumulative days on market: 67 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Tenant pays: Electricity, Water
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/13/2024Sold$1,250,000-10.4%$401/sqft
    Source: Stellar MLS #O6205210 Report a problem
    7/25/2024Pending sale$1,395,000$447/sqft
    Source: Stellar MLS #O6205210 Report a problem
    5/16/2024Listed for sale$1,395,000+13.4%$447/sqft
    Source: Stellar MLS #O6205210 Report a problem
    10/18/2022Sold$1,230,000-1.6%$394/sqft
    Source: Public Record Report a problem
    9/26/2022Pending sale$1,249,995$401/sqft
    Source: Stellar MLS #O6060245 Report a problem
    9/20/2022Listed for sale$1,249,995+300%$401/sqft
    Source: Stellar MLS #O6060245 Report a problem
    2/7/2018Listing removed$1,350
    Source: Olde Town Brokers, Inc. Report a problem
    1/29/2018Listed for rent$1,350
    Source: Olde Town Brokers, Inc. Report a problem
    1/26/2005Sold$312,500$100/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$19,333 +5.5%$1,048,826 +4.9%
    2023$18,317 +125.7%$1,000,046 +130.6%
    2022$8,114 +8.9%$433,680 +11%
    2021$7,452 +0.4%$390,766 +2.3%
    2020$7,422 +7.9%$382,071 +10%
    2019$6,877 +5.7%$347,337 +10%
    2018$6,505 $315,761 -4.2%
    2017$6,505 +6.9%$329,449 +1.8%
    2016$6,085 +4%$323,740 +36.5%
    2015$5,851 +15.6%$237,235
    2014$5,060 +15.2%$237,235 +9.9%
    2013$4,392 +0.2%$215,960 +0.9%
    2012$4,381 -0.3%$214,074
    2011$4,396 +6.1%$214,074
    2010$4,141 $214,074 -24.5%
    2009-- $283,588 +31%
    2007$3,852 -23.7%$216,487 -17.2%
    2006$5,050 +4.8%$261,526 +8.2%
    2005$4,819 +14.3%$241,776 +15.8%
    2004$4,217 +2.4%$208,762 +3.4%
    2003$4,118 +1.1%$201,946 +1.1%
    2002$4,074 $199,784
    Find assessor info on the county website

    Neighborhood: Park Lake-Highland

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Audubon Park K8
    • High: Winter Park High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,271,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,271,000