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.
Orange County Virtual Franchise, Public District Grades 4-12
Edgewater High School, Public Magnet Grades 9-12
Howard Middle School, Public Magnet Grades 6-8
Other
Directions Information:
Directions: Upon exiting I-4 East, merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles, then turn left onto N Thornton Avenue. You will find the triplex located on your right-hand side.
Price Information
Listing Price Info
Price Summary:
List Price: $1,395,000
Price Per SqFt: $447/SqFt
Tax Information:
Annual Amount: $7,422
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Orlando, FL.
This property is $1.0M more than the Median Sold Price and $208/SqFt more than other homes in Orlando, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #O6205210
Listing Office:
Office Name: DIAMOND REAL ESTATE GROUP
Office Phone: (407) 279-0448
Listing Agent: Tiphany Weeks
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Last updated on: 6/1/2024, 8:19:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,422
$393,808
2018
$6,505
$349,345
2017
$6,085
$329,449
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
8
/10
Howard Middle School
800 E Robinson St
Distance between this listing and this school0.70 miles
Public Magnet Grades 6-8
High School
7
/10
Orange County Virtual Franchise
445 W Amelia St
Distance between this listing and this school1.26 miles
Public District Grades 4-12
4
/10
Edgewater High School
3100 Edgewater Dr
Distance between this listing and this school2.37 miles
Public Magnet Grades 9-12
Nearby Schools
10
/10
Hillcrest Elementary School
1010 E Concord St
Distance between this listing and this school0.30 miles
Public Magnet Grades KG-5
2
/10
Lake Silver Elementary School
1500 Falcon Dr
Distance between this listing and this school1.33 miles
Public Magnet Grades PK-5
3
/10
Nap Ford Community Charter
325 North Parramore Ave
Distance between this listing and this school1.56 miles
Public Charter Grades PK-5
Assigned Schools
8
/10
Howard Middle School
800 E Robinson St
Distance between this listing and this school0.70 miles
Public Magnet Grades 6-8
Nearby Schools
4
/10
Lake Eola Charter
135 N Magnolia Ave
Distance between this listing and this school1.04 miles
Public Charter Grades KG-8
5
/10
Glenridge Middle School
2900 Upper Park Rd
Distance between this listing and this school2.36 miles
Public District Grades 6-8
Assigned Schools
7
/10
Orange County Virtual Franchise
445 W Amelia St
Distance between this listing and this school1.26 miles
Public District Grades 4-12
4
/10
Edgewater High School
3100 Edgewater Dr
Distance between this listing and this school2.37 miles
Public Magnet Grades 9-12
Nearby Schools
2
/10
Central Florida Leadership Academy Charter
427 N Primrose Dr
Distance between this listing and this school1.19 miles
The neighbors living near this home have an average income of $76,100. Typical income of Orlando, FL residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 803 N Thornton Ave in Orlando, FL and zip code 32803 in the Park Lake / Highland neighborhood. This 3,120 square foot home, which was built in 1947, sits on a 0.19 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $1,395,000.
Orlando, FL housing market in May 2024 saw over 172 listings sold above listed price, more than 214 sold at listed price and over 651 sold below. In May 2024 in Orlando, FL there were 3% more homes for sale than in April 2024. In May 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $385,135.
From Rocket Homes Real Estate and based on county public records data.