2100 Grant Ave Orlando, FL 32806
This exceptional 0.29-acre lot in Orlando's highly sought-after 32806 zip code presents a remarkable multifamily development opportunity. Located near Downtown Orlando, Orange Avenue, and Orlando Health Regional Medical Center, this property boasts a prime location with convenient access to major thoroughfares. The land comprises two lots, currently zoned R-3 multifamily residential with a density of 10 units per acre, allowing for various development options. Existing zoning permits the construction of two single-family homes per lot, each with the potential for accessory dwelling units, or a triplex townhome development, or a fourplex with a minor variance. The upcoming 2050 development code will further enhance possibilities, allowing for fourplexes or duplexes on each lot. Significant cost savings are anticipated due to the availability of gravity public sewer, a rare feature in this area. Mature trees provide natural shading, and all public utilities, including sewer, are readily accessible. The property previously housed two homes and an accessory building, potentially reducing or eliminating impact fees. Complete architectural plans for a triplex development, including site plans and truss engineering, are available. These plans detail three-bedroom, three-bathroom multigenerational units, each offering 1584 square feet of under-air living space and a total of 2307 square feet. The asking price for this exceptional development opportunity is $440,000. The property's address is 2100 E Grant Ave, Orlando, FL, with APN 06-23-30-0024-01-400. No HOA fees apply.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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