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    1615 E Ridgewood Street

    Orlando, FL 32803
    • $1,800,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: O5941511
    Price Reduced
    UPDATED: 102 min ago
    $1,800,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,068
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Information

    Elementary School:
    High School:

    Description

    $10,600 rental income per month, or live in one of the four residences and still receive $5600 - $9100 per month. This unique income-producing historic property is a 4-unit multi-family residential parcel situated on a double lot, both lots zoned R2, in the heart of Downtown Orlando. This one-of-a-kind property consist of 3 buildings just under 1/2 acre of land surrounded by a tropical oasis. The MAIN HOUSE is a stately 2 story 1926 Colonial Revival home with 4 bedrooms, 2.5 baths and 2 additional multi-purpose rooms to fit your own personal lifestyle. This home is beautifully manicured with lots of curb appeal. The home features leaded glass windows, original picture frame oak wood floors, marble gas fireplace, 10 ceilings, crown molding and a stunning staircase with traditional wainscoting, fully renovated kitchen with white shaker cabinetry, custom vent hood, marble counter and backsplash. A traditional mudroom/laundry/pantry is located just off kitchen with additional exit door. Unique butler pantry separates the kitchen and the formal dining room with access to the porte-cochere. Off the large formal living room through French doors is a bright sunroom with porcelain marble tile floors and wrap around windows displaying spectacular views. Exit living room through an additional French door to an office/library. Exit library through a second door and hallway and find an elegant classic black and white marble tiled powder room with traditional wainscotting and pedestal sink. On the second floor one of the spacious bedrooms has an additional connecting room with endless possibilities and an attic access. The master bedroom features full updated vintage en-suite and cedar closet. There are views from all the rooms overlooking Fern Creek. The potential rental income is $5k per month. CARRIAGE HOUSE circa 2015: 3 BR 2 BATH 2 STORY HOME with a consistent high rental yield. A brick driveway leads to a front porch flanked by reclaimed Georgian columns mirroring the main house. French doors open to a contemporary kitchen/living open floor plan with expresso cabinetry, stainless appliances and panty. A separate laundry features storage and tankless hot water heater. Adjacent to the laundry area is a contemporary full bath with tub and shower. Venture to the second floor up the oak wrought iron stairway revealing 2 large bedrooms separated by a full bath with a marble top vanity, walk in shower and a large linen closet. Separate irrigation system, electric and water. This home is occupied and rents for $2100. The second building located behind the main home is split into an upstairs and downstairs homes, each currently rented with a 1 car garage. The UPSTAIRS HOME, renovated in 2020 is a 2-bedroom, 2 bath featuring hardwood floors, an enormous living space and a large master suite with bath. This home is occupied and rents for $2,000 a month. The DOWNSTAIRS HOME is a 1 bed, 1 bath, updated in 2012. The kitchen features granite, cherry cabinets, tile floors, master ensuite with two closets and a private patio overlooking a lusciously landscaped yard and the actual "Fern Creek." This home is occupied and rents for $1,400 a month. This prime location is minutes away from Lake Eola, restaurants, the Entertainment Arena and has easy access to I-4 and the east west expressway. The Orlando SUNRAIL train is 12 min away and beautiful Cocoa Beach only 56 miles away and Disney an easy commute.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-18T23:39:54.31.
    www.rqemeraldcoastrealestate.com/homes/116896478
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    1615 E Ridgewood Street Orlando, FL 32803

    • Price: $1,800,000
    • Status: Active
    • Updated: 102 min ago
    • MLS #: O5941511
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    6,068
    SQFT
    $297
    $/SQFT
    1926
    Built
    Neighborhood:
    Frank D Smith Sub
    County:
    Orange
    Area:
    Orlando/Colonial Town
    Elementary School:
    Lake Como Elem
    High School:
    Edgewater High
    Property Description
    $10,600 rental income per month, or live in one of the four residences and still receive $5600 - $9100 per month. This unique income-producing historic property is a 4-unit multi-family residential parcel situated on a double lot, both lots zoned R2, in the heart of Downtown Orlando. This one-of-a-kind property consist of 3 buildings just under 1/2 acre of land surrounded by a tropical oasis. The MAIN HOUSE is a stately 2 story 1926 Colonial Revival home with 4 bedrooms, 2.5 baths and 2 additional multi-purpose rooms to fit your own personal lifestyle. This home is beautifully manicured with lots of curb appeal. The home features leaded glass windows, original picture frame oak wood floors, marble gas fireplace, 10 ceilings, crown molding and a stunning staircase with traditional wainscoting, fully renovated kitchen with white shaker cabinetry, custom vent hood, marble counter and backsplash. A traditional mudroom/laundry/pantry is located just off kitchen with additional exit door. Unique butler pantry separates the kitchen and the formal dining room with access to the porte-cochere. Off the large formal living room through French doors is a bright sunroom with porcelain marble tile floors and wrap around windows displaying spectacular views. Exit living room through an additional French door to an office/library. Exit library through a second door and hallway and find an elegant classic black and white marble tiled powder room with traditional wainscotting and pedestal sink. On the second floor one of the spacious bedrooms has an additional connecting room with endless possibilities and an attic access. The master bedroom features full updated vintage en-suite and cedar closet. There are views from all the rooms overlooking Fern Creek. The potential rental income is $5k per month. CARRIAGE HOUSE circa 2015: 3 BR 2 BATH 2 STORY HOME with a consistent high rental yield. A brick driveway leads to a front porch flanked by reclaimed Georgian columns mirroring the main house. French doors open to a contemporary kitchen/living open floor plan with expresso cabinetry, stainless appliances and panty. A separate laundry features storage and tankless hot water heater. Adjacent to the laundry area is a contemporary full bath with tub and shower. Venture to the second floor up the oak wrought iron stairway revealing 2 large bedrooms separated by a full bath with a marble top vanity, walk in shower and a large linen closet. Separate irrigation system, electric and water. This home is occupied and rents for $2100. The second building located behind the main home is split into an upstairs and downstairs homes, each currently rented with a 1 car garage. The UPSTAIRS HOME, renovated in 2020 is a 2-bedroom, 2 bath featuring hardwood floors, an enormous living space and a large master suite with bath. This home is occupied and rents for $2,000 a month. The DOWNSTAIRS HOME is a 1 bed, 1 bath, updated in 2012. The kitchen features granite, cherry cabinets, tile floors, master ensuite with two closets and a private patio overlooking a lusciously landscaped yard and the actual "Fern Creek." This home is occupied and rents for $1,400 a month. This prime location is minutes away from Lake Eola, restaurants, the Entertainment Arena and has easy access to I-4 and the east west expressway. The Orlando SUNRAIL train is 12 min away and beautiful Cocoa Beach only 56 miles away and Disney an easy commute.
    Exterior Features

    Attached Garage Yn Yes Carport Yn No Construction Materials Cement SidingWood Frame Exterior Features Awning(S)French DoorsIrrigation SystemRain GuttersStorage Foundation Details Basement Lot Features Near Public Transit Other Structures Shed(S) Parking Features AssignedCurb ParkingDrivewayGarage Door OpenerGarage Faces RearGround LevelGuestOff StreetOn StreetPortico Patio And Porch Features DeckPatioPorchRear PorchSide Porch Pool Private Yn No Roof Shingle View GardenTrees/Woods Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Additional Rooms AtticBonus RoomBreakfast Room SeparateDen/Library/OfficeFlorida RoomFormal Dining Room SeparateFormal Living Room SeparateInside Utility Appliances Built-In OvenCooktopDishwasherDisposalElectric Water HeaterFreezerMicrowaveRangeRange HoodRefrigerator Cooling Central Air Fireplace Yn Yes Flooring Porcelain TileWood Furnished Unfurnished Heating Heat Pump Interior Features Attic FanCeiling Fans(S)Crown MoldingEating Space In KitchenHigh Ceiling(S)Solid Wood CabinetsStone CountersThermostat Laundry Features InsideLaundry Room Levels Two Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn Yes Annual Net Income 67342.00 Association Approval Required Yn No Association Yn No Available For Lease Yn No Cdd Yn No Disclosures Lead PaintSeller Property Disclosure DPR No Flood Zone Code X Garage Yn Yes Homestead Yn No Listing Terms CashConventionalFhaVa Loan Minimum Lease No Minimum New Construction Yn No Pets Allowed Yes Planned Unit Development Yn No Property Sub Type Quadruplex Realtor Info List Agent is Owner Security Features Smoke Detector(S) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 13393.21 Tax Year 2020 Total Num Buildings 3 Utilities Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas ConnectedPublicSewer AvailableSewer ConnectedStreet LightsWater - Multiple MetersWater Available Zoning R-2A/T


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Kelley Realty Group Llc.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-18T23:39:54.31.
     
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