


Off Market Orlando FL 32803 Two Separate Houses Plus RV Pad on One Lot 430K
About this property
Three Income Streams 4800 Per Month Gross Potential Baldwin Park Border No HOA Not In Flood Zone OFF MARKET ORLANDO FL 32803 TWO SEPARATE STANDALONE HOUSES PLUS RV PAD ON ONE LOT PRICED AT $440,000 WITH THREE INCOME STREAMS TOTALING 4800 PER MONTH GROSS POTENTIAL BLOCK CONSTRUCTION 4 YEAR ROOF NO HOA NOT IN FLOOD ZONE BALDWIN PARK BORDER CURRENTLY VACANT YOUR TENANTS YOUR TERMS FROM DAY ONE Direct deal. This is two separate 2 bedroom 1 bathroom standalone houses on a single 7,161 sq ft lot at 793 Eldridge St in Orlando FL 32803, priced at $440,000. These are not a duplex. These are two actual standalone residences on one parcel plus an RV pad that was previously generating $1,200 per month. Three income streams. One lot. Prior rent roll was $4,800 per month gross across all three income sources. Both houses are currently vacant meaning your tenants, your terms, and your rents from day one. Block construction on slab. Four year roof. No HOA. Not in a flood zone. Baldwin Park border in one of Orlando's most desirable zip codes. Baldwin Park 2 bedroom average rent is $2,462 per month per current market data, meaning the prior rents of $1,800 per house were running below the current market ceiling. Proof of funds required. PROPERTY DETAILS POF Required. Price: $440,000 Price Per House: $215,000 Transaction Coordinator Fee: $425 EMD: 10K nonrefundable Year Built: 1947 Construction: Block and Concrete on Slab Roof: 4 Years Old HVAC: No Central Air Lot Size: 7,161 Sq Ft HOA: None Flood Zone: Not In A Flood Zone Occupancy: Vacant, Ready for New Tenants Access: Appt Schools: Baldwin Park Elementary 9/10, Glenridge Middle 7/10, Winter Park High 7/10 INCOME STREAMS House A: 2 Bed 1 Bath, Previously Rented at $1,800 Per Month, Currently Vacant House B: 2 Bed 1 Bath, Previously Rented at $1,800 Per Month, Currently Vacant RV Pad: Previously Generating $1,200 Per Month Total Prior Gross Monthly Income: $4,800 Total Prior Gross Annual Income: $57,600 Baldwin Park 2 Bedroom Market Average: $2,462 Per Month Per Current Market Data Note: Prior rents of $1,800 per house were below current Baldwin Park market average, meaning rent upside exists at lease-up CONDITION NOTE Property has no central air. Buyer to independently assess HVAC scope and budget accordingly. Block construction on slab with a 4 year roof means the two largest exterior capital items are not concerns. HVAC is the primary system item for buyer to underwrite. WHY ORLANDO 32803 AND THE BALDWIN PARK BORDER Orlando 32803 is one of the most consistently in-demand zip codes in the entire Central Florida market. The Baldwin Park and Audubon Park corridor draws a deep pool of young professionals, families, and lifestyle renters who specifically seek out this area for its walkability, school ratings, proximity to downtown Orlando, and neighborhood character. Baldwin Park itself is a master-planned community with a 9/10 rated elementary school that drives consistent family tenant and retail buyer demand. Two standalone houses on one lot in this zip code at $215,000 per door is a compelling entry point in a market where single family homes and small multifamily assets in 32803 command significant premiums from both investors and retail buyers. Not in a flood zone in Orlando is a meaningful insurance and buyer pool advantage. No HOA removes any association level restrictions on how the property is operated. EXIT STRATEGIES Rent All Three Income Streams. Place tenants in both houses at current Baldwin Park market rents of $2,462 per month per unit versus the prior $1,800, keep the RV pad generating $1,200 per month, and collect three income streams on one lot in one of Orlando's most desirable zip codes. The rent upside from prior $1,800 rents to current $2,462 market average adds $1,324 per month in additional gross income on the two houses alone at full market rate. Live In One Rent The Other. Occupy one house and collect $1,800 to $2,462 per month from the other plus the RV pad income. Live in Orlando 32803 on the Baldwin Park border with your tenants covering most or all of your housing costs. Stabilize and Refinance or BRRRR. Place tenants at market rents, stabilize all three income streams, and refinance against the improved income position. Baldwin Park border comparable values support strong appraised values at stabilized market rents in this corridor. Seller Finance Exit. Acquire the property, sell on seller financing or contract for deed to an end buyer who lives in one house and rents the other. Hold the note and collect payments at full price without managing tenants or the ongoing operation. Long Term Hold. Two houses on one lot in 32803 with three income streams, a 4 year roof, block construction, no HOA, and not in a flood zone is a durable long term hold in a market with consistent appreciation and rental demand fundamentals. Jervon Thompson JNA Dynamic Holdings LLC DISCLAIMER This is not an offer to sell real estate. This property is being marketed in accordance with applicable Florida real estate laws.
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