15 days on rocket

803 N Thornton Ave, Orlando, FL, 32803

$1,395,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Baths
3,120 SqFt
$447/SqFt
Multi
Schools Nearby

Location

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803 N Thornton Ave, Orlando$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAssigned
Attached Garage4 spaces
Year Built1947
HeatingCentral
CoolingCentral Air
MLS #O6205210
Lot Size0.19 Acres
StatusActive

About 803 N Thornton Ave

Welcome to 803 N Thornton Ave, a prime investment opportunity nestled in the heart of the Mills 50 District in Orlando, FL. This expertly maintained multi-family property comprised of two duplexes with four units in total, boasts an extremely desirable location and a blend of convenience, opportunity, and potential for lucrative returns. In addition to the fantastic opportunity that this investment presents, the seller is offering a RATE BUY DOWN for full-priced financed offers. With proximity to shopping, A-rated schools, major highways, public transportation, shopping centers, dining establishments, and entertainment venues, residents have easy access to everything Downtown Orlando has to offer. Investors will appreciate the O-1T zoning which provides the opportunity for retail and office space, the positive income-generating history, and the future potential of this property. With a strong rental history and a 0% vacancy rate, this investment promises steady cash flow and long-term appreciation. With a track record of reliable tenants, you can invest with confidence knowing your property is in good hands. The strong rent and vacancy rate combined with the surrounding development within a 1.5-mile radius which will allow for increased rents with minimal improvements makes this investment a sure bet. The icing on the cake is the new 5% down investor program that was just released by Freddie Mac which allows investors to finance with only 5% down. Whether you're a seasoned investor looking to expand your portfolio or a new investor looking to HOUSE-HACK or BRRR, this property presents a versatile opportunity to capitalize on the thriving Orlando real estate market.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Living Area: 3,120 SqFt

Listing Office:

  • Office Name: DIAMOND REAL ESTATE GROUP
  • Office Phone: (407) 279-0448
  • Listing Agent: Tiphany Weeks

Interior Features

Interior Information:

  • Appliances: Oven, Refrigerator
  • Flooring Type: Wood
  • Interior: Primary Bedroom Main Floor

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalk

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Assigned

Virtual/3D Tour

  • Virtual Tour: 803 N Thornton Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Orange County Virtual Franchise, Public District Grades 4-12
  • Edgewater High School, Public Magnet Grades 9-12
  • Howard Middle School, Public Magnet Grades 6-8

Other

Directions Information:

  • Directions: Upon exiting I-4 East, merge onto US Highway 92 East towards Colonial Drive. Proceed for approximately 2 miles, then turn left onto N Thornton Avenue. You will find the triplex located on your right-hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000
  • Price Per SqFt: $447/SqFt

Tax Information:

  • Annual Amount: $7,422
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Orlando, FL.

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Orlando, FL

City

Med. Sold Price

$381K

Med. Price/SqFt

$238

Avg. Days On Market

41

# of Sold Homes

937

803 N Thornton Ave vs Orlando

15 DAYS ON ROCKET

-26 Days

$1,395,000

+$1.0M More

$447/SqFt

+$209 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $209/SqFt more than other homes in Orlando, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6205210

Listing Office:

  • Office Name: DIAMOND REAL ESTATE GROUP
  • Office Phone: (407) 279-0448
  • Listing Agent: Tiphany Weeks

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 exclusively 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. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 6/1/2024, 9:19:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,422$393,808
2018$6,505$349,345
2017$6,085$329,449

History based on county public records data.

Payment Calculator

$7,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-6276135
8
/10

  • Howard Middle School

  • 800 E Robinson St

  • 0.70 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-6276136
7
/10

  • Orange County Virtual Franchise

  • 445 W Amelia St

  • 1.26 miles

  • Public District Grades 4-12

school-card-donut-6276137
4
/10

  • Edgewater High School

  • 3100 Edgewater Dr

  • 2.37 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,100. Typical income of Orlando, FL residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Orange County›Orlando›32803›803 N Thornton Ave

This home is located at 803 N Thornton Ave in Orlando, FL and zip code 32803 in the Park Lake / Highland neighborhood. This 3,120 square foot home, which was built in 1947, sits on a 0.19 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $1,395,000.

In April 2024, from all listings sold in Orlando, FL there were more than 156 sold above asking price, over 573 sold below and more than 208 were sold right at the asked price. The inventory of homes for sale in Orlando, FL between March 2024 and April 2024 decreased by 0.6%. While the average time on the market in April 2024 was 41 days, the median list price was $381,094.

From Rocket Homes Real Estate and based on county public records data.

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