721 SEMINOLE AVENUE at

721 SEMINOLE AVENUE

For sale Days on market 9

$525,000

$251/sq ft

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Overview

Bedroom

Bath

Year Built

1950

Garage

Sqft

2095

Property Type

Single Family Residence

Property Description

Under contract-accepting backup offers. Dual-income opportunity in the heart of College Park - one of Orlando's most coveted neighborhoods. This rare offering features TWO completely separate residences on a single parcel: a 3-bedroom, 2.5-bathroom main home spanning 1,444 square feet with an in-unit laundry room and detached single-car garage, plus a fully independent 1-bedroom, 1-bathroom guest cottage at 651 square feet complete with a Florida room, in-unit laundry, and covered carport. NEWER ROOFS on both homes 2022. NEWER AC SYSTEMS on both homes 2023. Two addresses, two income streams, one investment. The property is zoned ORL-R-2B/T, a designation that permits up to two accessory dwelling units and one is already built and income-producing. Current market rent comps support $2,650–$2,850/month for the main house and $1,550–$1,750/month for the cottage, putting combined gross rental income in the range of $4,200–$4,600/month - over $50,000 in potential annual gross rents. This is in a neighborhood where median home values have climbed to nearly $718,000 and rents continue to appreciate. Whether you lease both units immediately or occupy one and offset your mortgage with the other, the numbers work from day one. Location is the long-term thesis. College Park's tree-lined streets and walkable Edgewater Drive corridor draw professionals, healthcare workers, and young families who pay a premium for in-town living and stay. AdventHealth's major campus is nearby, downtown Orlando is five minutes away, and I-4 access is immediate. Vacancy risk in this submarket is structurally low. Demand is consistent. New lots with this kind of zoning flexibility simply aren't being created. Opportunities to acquire two rentable structures on one parcel in College Park are extraordinary. Don't miss it.

Property Details

MLS#

O6404692

Garage

Total Floor in Bldg

Address

721 SEMINOLE

City

Orlando

State/county

Zip/Postal Code

32804

Area

Concord Park 1st Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$8,863

Maint Fee

$--

Tax Year

2025

Dishwasher

Range

Refrigerator

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