Sold
1501 PARK LAKE ST
ORLANDO FL, 32803
$515,000
$382.05 per sqft
Sold
3 Beds
2 Baths
1,348 sqft
Multi-family
Built in 1948
FANTASTIC opportunity! This lovely 2/1 and 1/1 Colonialtown concrete block duplex is turn-key and ready for move-in. This dual-electric metered duplex is situated on an oversized R2 corner lot in the heart of Colonialtown/Mills 50. This recently updated duplex home contains and 2/1 main unit and a 1/1 unit (Unit B) on opposing wings for optimal privacy. The flat portion of the roof was replaced in 2022, HVAC 2014 (2/1) and 2022 (1/1), new electrical panel upgrades in 2003, new windows in 2013, and the home's plumbing was recently repiped. The 2/1 unit has a brand new kitchen with 42" white shaker cabinets and stainless steel appliances. Brand new plush carpeting in the bedrooms, new lighting fixtures throughout, and a tranquil fenced in outdoor entertaining space off the rear French doors. It has a dedicated laundry room, and a private single car garage and space for 2 cars in the driveway. The 1/1 unit on the North wing of the property has a 2-car parking pad, large screen patio, and designated utility closet with W/D hookups! On the interior of this unit you'll find wood shaker cabinetry with open shelves, ceramic tile in the living room, and a brand new HVAC system installed in 2022. This is a rare opportunity to find a turn-key income producing duplex property in this neighborhood. Savvy rental investors and practical owner occupant buyers will know the rental cashflow potential is excellent here. This property is in the center of one of Orlando's best cultural hubs- filled with shopping, dining, and entertainment within Mills 50, as well as convenient to the Downtown, Ivanhoe Village, and Thornton Park districts. Close to I4, the 408, and Colonial Drive for an easy commute.
O6026053
MLSⓇ ID
June 30, 2022
Listed
March 22, 2024
Updated
Map
1501 PARK LAKE ST
ORLANDO FL, 32803
Interior Features
Total Stories
1
Bedrooms
3 Beds
Bathrooms
2 Baths
Interior Features
Ceiling Fans(s), Eat-in Kitchen
Appliances
Dishwasher, Microwave, Range
Laundry Description
Inside, Laundry Room
Floor Description
Carpet, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Wall Units / Window Unit
Exterior/Building Features
Lot Size
0.17 Acres
Exterior Features
Lighting
Lot Features
Corner Lot, City Limits, Level, Sidewalk, Street Brick, Paved
Roof
Built-Up, Shingle
Sewer
Public Sewer
School Information
High School
Edgewater High
Elementary School
Fern Creek Elem
Other Property Details
Area Name
32803 - Orlando/Colonial Town
Taxes
$5,449
Tax Frequency
Annually
Days on Market
22
Garage
Yes
Garage Spaces
1
Parking
Driveway, Garage Faces Side
View
No
County
Orange
Municipality
22
Water Source
Public
Pool
No
Zoning
R-2A/T
Buyer Agency Compensation
2.5%
Listed by Erin Hudson, Patricia Visconti with GRANDE REALTY GROUP LLC
Listing Contact: 407-694-3489
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Data last updated 3/22/2024, 4:43 AM UTC