A unique opportunity in LAKE EOLA district. Located on a quiet dead end street, this lot is in the heart of DOWNTOWN ORLANDO. Lake Eola historic district is a very desired community, blocks away from Eola General market and LAKE EOLA PARK.. There is an existing garage apartment originally built in 1926 that is historic and must remain on the property.This apartment is an opportunity to remodel and live or can be an income producing property.You can build in the front-end of the lot and rent the garage apartment. It has a full 1 bedroom, 1 bathroom with Kitchen and living room. The property is zoned for R2 and as per city, FAR would allow for approx 2200 sq.ft of living space including the garage apartment. The garage apartment has 550 sq .ft. Historic preservation board would be looking for a craftsman Bungalow style single family home. Great opportunity! Is a MUST BUY!!
500 Christor PLACE, Orlando, FL, 32803
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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