2201 S Mills AVENUE, Orlando, FL, 32806 | $739,000

Discover this fully updated corner lot duplex, perfect for investors and homeowners alike located in the SODO district of downtown Orlando. INVESTORS, looking for a place to park your money? Property values and rents are soaring in and around the downtown area with many million-dollar homes being built all around 32806.

Both units are currently leased and have been completely updated and include attached garages and convenient air-conditioned laundry rooms. The TOTAL renovation was completed in 2018 and included EVERYTHING down to the studs! Electrical, plumbing, A/C and ductwork, windows, doors, roof, cabinets and appliances with a finish quality you don’t usually see in a rental property. This property attracts high quality tenants, which makes managing it very low hassle and gives you an instant income generator! This rental property is perfect for a first time investor or an experienced one because it is a truly turnkey opportunity.

The property offers two stunning units, each with its own unique charm. The first unit features three spacious bedrooms and two modern bathrooms, adorned with elegant hardwood floors and a lovely front patio, perfect for outdoor relaxation. The second unit boasts a private side yard which is ideal for gardening or entertaining guests and provides a sense of privacy, while the stylish granite countertops, eye-catching feature wall and beautiful kitchen add a touch of sophistication.

This is an opportunity for you or your tenants to enjoy urban living in one of Orlando’s most desirable neighborhoods that is located in the Blankner and Boone school district. Don’t miss your chance to own this meticulously updated duplex that’s ready for its next chapter!

Features

  • Rooms: 4
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Laundry Room
  • Year Built: 1959
  • Garage: 2-car Driveway
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,802
  • Acreage: 0.22
  • Est. Taxes: $6,982
  • Elem. School: Blankner Elem
  • Middle School: Blankner School (K-8)
  • High School: Boone High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
  • MLS#: O6254719
  • Days on Market: 19 days
  • Website: https://www.raveis.com
    /prop/O6254719/2201smillsavenue_orlando_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/24/2024 4:17:08 PM)
Listing courtesy of LAKESIDE REALTY WINDERMERE INC   Phone: 407-876-5575

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2201 S Mills AVENUE, Orlando, FL, 32806

$739,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $591,200 $591,200 $591,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $582 $582 $582
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,933 $3,929 $5,069
Total Monthly Payment $4,607 $4,603 $5,743

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.