UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,759 sqft
Price per Sqft $142
Subdivision Colony Cove
MLS Listing ID O6408740
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1968
Annual Tax Amount $3,700
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Attention investors and owner-occupant buyers with vision — this is your chance to acquire a solid concrete block single-family home in the Lake Lawne Shores neighborhood of Orlando and build immediate equity through a full renovation. The bones are here. The opportunity is real. The seller is ready to close.
THE PROPERTY: This 3-bedroom, 2-bathroom single-family home sits on a 7,067 SF lot in the Colony Cove subdivision of Orlando's 32808 zip code. The home offers 1,759 SF of heated living area, a finished 1-car garage (338 SF), and an existing enclosed rear porch (220 SF) — all on a quiet residential street. Built in 1968 on a concrete block and cinder block foundation, the structure is solid and provides a strong platform for a complete renovation.
4-BEDROOM / 3-BATH CONVERSION OPPORTUNITY: The existing 220 SF enclosed rear porch can be converted into a fully permitted, conditioned 4th bedroom and 3rd bathroom — bringing the home to approximately 1,979 SF as a 4-bedroom, 3-bath layout. This creates a private suite configuration ideal for multigenerational living, a primary suite addition, or maximizing rental income potential. Buyer to independently verify all conversion feasibility and permitting requirements with Orange County Building and Zoning prior to closing.
FULL SCOPE OF WORK REQUIRED: This property requires a complete top-to-bottom renovation. The following systems and areas need full replacement or remodel: electrical, plumbing, HVAC and ductwork, kitchen, bathrooms, flooring, and roof.
OPPORTUNITY ZONE: This property is located in a federally designated Opportunity Zone — Census Tract #12095018700. Qualifying investors utilizing an Opportunity Zone Fund structure may be eligible for significant capital gains tax advantages. Buyer to consult their tax advisor for details.
SELLER'S TERMS — READ BEFORE SUBMITTING AN OFFER: Seller is firm on list price. There will be no price reductions, credits, repairs, or concessions of any kind. This property is being sold strictly AS-IS. Any inspection is for the buyer's informational purposes only and will not affect the price or terms of the sale. Any offer containing assignable contract language, an option to assign, or any mechanism allowing the transfer of contract rights to a third party will be immediately rejected and disqualified without response or counter. Buyer is responsible for all due diligence including title search, lien search, code violation review, permit history, survey, inspection, and independent verification of all square footage, room dimensions, and property condition prior to closing. Seller makes no representations or warranties as to the condition, size, or compliance status of the property. Buyer must independently verify all information with Orange County Building, Zoning, and relevant municipal authorities prior to closing.
Location
State FL
County Orange
Community Colony Cove
Area 32808 - Orlando/Pine Hills
Zoning R-1/W
Interior
Interior Features L Dining, Wet Bar
Heating Central
Cooling Central Air
Flooring Other
Furnishings Unfurnished
Fireplace false
Appliance None
Laundry Inside, Other
Exterior
Exterior Feature None
Garage Spaces 1.0
Community Features Street Lights
Utilities Available Public, Water Available
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Nearby School & Business
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