ORLANDO, FL 32801

Property

Ownership: Fee Simple
Type: Unknown
Pets: Pets Allowed
Lot Size: 0.2 Acres

Financials

Price:$1,300,000
Annual Taxes:$10,644
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of MAINFRAME REAL ESTATE

A Rare four unit investment opportunity located in Downtown Orlando s highly sought after Lake Davis Greenwood neighborhood, combining one fully renovated historic home with three newly constructed apartments on ...

Welcome to 1505 & 1507 Catherine Street

Description

A Rare four-unit investment opportunity located in Downtown Orlando’s highly sought-after Lake Davis-Greenwood neighborhood, combining one fully renovated historic home with three newly constructed apartments on a single parcel. The property encompasses approximately 3,658 square feet and includes eight bedrooms, five bathrooms across four units, and one separately metered one-car garage accessed only from outside. Parking for tenants is convenient with 4 private parking spaces with guest parking off Catherine Street. Each unit features private washers and dryers and is designed to support premium rental rates and low-maintenance ownership. The property generates approximately $9,000 per month in gross rental income, or approximately $108,000 annually, with a diversified unit mix that creates multiple income streams and supports strong rental demand. The front residence, originally built in 1950 and extensively renovated in 2018, offers three bedrooms, two bathrooms, a flexible bonus room ideal for a home office, playroom, or guest space, and includes a natural gas range, on-demand gas hot water, and a gas dryer with a large master bedroom and walk-in closet. The rear building, newly constructed in 2023 with separate addresses for Units A, B, and C, includes a downstairs 2/1 apartment with a private backyard, an upstairs 2/1 fully furnished apartment with 12-ft ceilings, and an upstairs studio apartment, all featuring modern finishes and low-maintenance construction. The walkable location is near 903 Mills Market, Lake Davis, Greenwood Urban Park, Delaney Park, and Thornton Park, with convenient access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, Orlando City Soccer Stadium, and Downtown Orlando’s premier dining, entertainment, and employment centers. This property is ideal for investors seeking a turnkey asset or an owner-occupant looking to house hack, with strong potential for stable cash flow and long-term appreciation

Amenities

  • Cable - Available
  • Cable Connected
  • Ceiling Fans(S)
  • Electricity Available
  • Electricity Connected
  • Private Mailbox
  • Sidewalk
  • Solid Surface Counters
  • Thermostat
  • Walk-In Closet(s)
  • Window Treatments

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.