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$525,000
Active
721 SEMINOLE AVENUE
ORLANDO, FL 32804 — CONCORD PARK 1ST ADD
4 Beds
3 Baths
2,095 sqft
0.21 acres
Built 1950
1-Car Garage
About This Property
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. 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
Basics
- Property Type
- Residential
- Property Subtype
- Single Family Residence
- MLS Number
- O6404692
- Year Built
- 1950
- Levels
- One
- Direction Faces
- West
- Occupant Type
- Vacant
Size & Structure
- Living Area
- 2,095 sqft
- Total Area
- 3,070 sqft
- Lot Size
- 0.21 acres
- Lot Sq Ft
- 9,150 sqft
- Bedrooms
- 4
- Full Baths
- 3
- Garage Spaces
- 1
- Stories
- 1
Interior
- Flooring
- Ceramic Tile
- Appliances
- Dishwasher, Range, Refrigerator
- Interior Features
- Thermostat, Vaulted Ceiling(s)
- Laundry
- In Kitchen
- Furnished
- Unfurnished
- A/C
- Central Air
- Heating
- Central
Exterior & Lot
- Exterior Features
- Courtyard
- Construction
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Patio/Porch
- Covered
- Other Structures
- Additional Single Family Home
- Lot Features
- Sidewalk, Street Brick
Water & Pool
Community & HOA
- HOA
- No
Utilities & Systems
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Public
- Cooling
- Central Air
- Heating
- Central
- Flood Zone
- X
- Parking
- Garage Faces Side, Oversized, Workshop in Garage
Financial
- List Price
- $525,000
- Annual Taxes
- $8,864
- Tax Year
- 2025
- Listing Terms
- Cash, Conventional, VA Loan
- Special Conditions
- None