Fully Renovated College Park
2303 AMHERST AVENUE Orlando, FL 32804
For Sale
$625,000
Pending
Turnkey two-unit duplex with renovated interiors, covered carports, and private laundry areas for each unit.
Property Size1,548 SF
Days on Market504
Property Features for 2303 AMHERST AVENUE
General Information
- Standard status
- Pending
- Size
- 1,548 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1967
Listing Agency:
MAINFRAME REAL ESTATE
(407) 756-6392
Listed By:
Carla Trine · License #3381595
(407) 756-6392
Source:
Exitrealty
Added: Mar 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MAINFRAME REAL ESTATE
Investment Insights
Based on property information with market context.
This fully renovated duplex offers a turnkey income setup with two bedrooms and one bathroom per unit. Each unit includes a private laundry area and a covered carport, with the back unit providing direct access to a spacious, fenced-in backyard. Renovations completed in 2019 include quartz countertops, new cabinets, updated lighting, LVP flooring throughout, and updated appliances.
Additional major improvements include a new roof (2018), repiping (2019), and updated electrical (2019). Located at 2303 Amherst Avenue in College Park, the property is within walking distance of neighborhood favorites along Edgewater Drive and is minutes by drive to I-4 and central Orlando destinations including downtown Orlando, major healthcare facilities, and area museums and attractions.
Additional major improvements include a new roof (2018), repiping (2019), and updated electrical (2019). Located at 2303 Amherst Avenue in College Park, the property is within walking distance of neighborhood favorites along Edgewater Drive and is minutes by drive to I-4 and central Orlando destinations including downtown Orlando, major healthcare facilities, and area museums and attractions.
Key Highlights
- Fully renovated College Park duplex built in 1967 with 2 units (each unit has 2 bedrooms and 1 bathroom).
- Each unit includes a private laundry area and a covered carport.
- Renovated in 2019 with quartz countertops, new cabinets, updated lighting, LVP flooring throughout, and updated appliances.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.4k | $21.60 |
| − Vacancy | −$2.1k | −$1.33 |
| EGI | $31.4k | $20.27 |
| − OpEx | −$9.4k | −$6.08 |
| NOI | $22.0k | $14.19 |
1,548 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.7K
$274.5K – $366.0K
NOI $21,962 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$286.6K
$250.8K – $334.4K
NOI $20,061 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$498.7K
$436.3K – $581.8K
NOI $34,907 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey two-unit duplex with renovated interiors, covered carports, and private laundry areas for each unit.
Where is this duplex located?
The property is located at 2303 AMHERST AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully renovated College Park duplex built in 1967 with 2 units (each unit has 2 bedrooms and 1 bathroom).; Each unit includes a private laundry area and a covered carport.; Renovated in 2019 with quartz countertops, new cabinets, updated lighting, LVP flooring throughout, and updated appliances.
