539 Lake Ave Maitland, FL 32751

539 Lake Ave Maitland is being sold as a land parcel with a residential building. The land lot is .79 acres. The property is in historic Maitland. The buyer can potentially subdivide the property into three lots. The property is zoned RSF-2. Next door, directly to the east of the subject property are several single family residential properties that sit on 9,000 sf lots. As a quick reference, those addresses are 1 Barnard Ct Maitland FL, 3 Barnard Ct Maitland FL, 5 Barnard Ct Maitland FL. Those structures average 1,700 sf as one story properties. A developer should try to do two story structures to maximize the lot. The buyer/developer will benefit from not having to carry all of the debt on the property because there is a tenant occupying the property. They are paying $1900/month. The seller is also willing to hold a note on the property for $300,000 down and competitive interest rate and amortization terms.