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1312 W KALEY AVE Orlando, FL 32805
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Key Details
Sold Price $3,900,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,406 sqft
Price per Sqft $2,773
Subdivision Clear Lake Views
MLS Listing ID O6156678
Bedrooms 4
Full Baths 2
Year Built 1945
Annual Tax Amount $2,342
Lot Size 6,969 Sqft
New Construction false
Property Description
We are pleased to present Kaley Square, a mixture of 32 commercial/residential units on 12 lots totaling 4.27 acres. The prospective income upon increasing rents is estimated at $500,000 and the seller will consider seller financing. The property has been over 90% occupied for decades and has long term tenants spanning back to the 90's. This investment offers a prospective 10%+ cap with the opportunity to redevelop the site and own nearly an entire city block. Communication with the county shed light on the option to change the zoning and FLU to Neighborhood Commercial and increase value in the site for future redevelopment. This property is truly one of a kind.
Location
State FL
County Orange
Community Clear Lake Views
Zoning C-3
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Other
Exterior
Exterior Feature Other
Parking Features Driveway, On Street
Utilities Available Public
Roof Type Shingle
Building
Foundation Block, Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Catalina Elem
Middle Schools Memorial Middle
High Schools Jones High
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with OLDE TOWN BROKERS INC