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115 ORCHID DR Davenport, FL 33897
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Key Details
Sold Price $285,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,748 sqft
Price per Sqft $163
Subdivision Island Club West Ph 02
MLS Listing ID O6039746
Sold Date 09/01/22
Bedrooms 4
Full Baths 3
Construction Status Financing,Inspections
HOA Fees $206/mo
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 2002
Annual Tax Amount $2,540
Lot Size 871 Sqft
Acres 0.02
Property Description
Calling all investors! This property is technically a townhome, but it has multi-family qualities. 4 bedroom/3 bathroom properties in this community typically yield the highest return on investment, due to their size. The current owner receives two separate incomes (aka 2 rents each month). The back of the property is a townhome-style, two-story 3 bedroom, 2 bathroom unit. A NEW AC was just installed within the last year. The front unit, often referred to as a studio or lockout, is currently rented by a separate tenant. Some lockout units in this community are not large enough for a kitchenette or to be rented separately, but this one does have a KITCHENETTE and separate FULL BATHROOM. The AC was also recently replaced. The property is professionally-managed, and both tenants have been in the property successfully for over 2 years. The HOA is affordable at $206/month and covers roof replacement, exterior maintenance, and amenities. They replaced the roofs in this community around 2018, and the exteriors were repainted in 2019-2020. Amenities include a swimming pool, kiddie pool, clubhouse, fitness center, tennis courts, basketball courts, and sand volleyball court. This community DOES ALLOW SHORT TERM RENTALS. The location is outstanding, with a Publix shopping plaza at the end of the street. Access to Hwy 192 is less than 4 miles away, and access to Interstate 4 is less than 8 miles away. Disney’s Magic Kingdom front gates are less than 14 miles away, and Animal Kingdom, waterparks, golf courses, etc. are even closer. This makes the property location highly rentable (or livable), as many work and leisure opportunities are close by.
Location
State FL
County Polk
Community Island Club West Ph 02
Interior
Interior Features Ceiling Fans(s), Master Bedroom Upstairs, Open Floorplan, Thermostat, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Mini-Split Unit(s)
Flooring Carpet, Tile, Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Rain Gutters, Sidewalk, Sliding Doors
Community Features Deed Restrictions, Gated, Pool, Sidewalks
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Amenities Available Clubhouse, Gated, Pool
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Sidewalk, Paved
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction false
Construction Status Financing,Inspections
Others
Pets Allowed Yes
HOA Fee Include Maintenance Structure, Maintenance Grounds
Senior Community No
Ownership Fee Simple
Monthly Total Fees $206
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
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