Property Description

Under contract-accepting backup offers. Multiple Offers - submit highest and best by September 1 at 10:00 am. Investor opportunity in Orlando's desirable Lake Cherokee Historic District, minutes from Downtown Orlando. This 1920s duplex offers two income-producing units, each historically renting for approximately $1,800-$2,000 per month.Original wood floors, fireplaces, abundant windows and generously sized rooms preserve the property's historic character. Each residence features its own kitchen and living spaces, while the large backyard provides additional outdoor space and privacy.The property was converted from a rooming house into a duplex in the mid-1980s through a comprehensive gut renovation that included new plumbing and electrical systems. More recent improvements include a roof replaced approximately eight to ten years ago and air-conditioning systems replaced within the past five to six years.The property needs renovation but offers significant potential through its location, flexible configuration and established rental history. Renovate and reposition the existing duplex, occupy one unit while leasing the other, explore conversion to a single-family residence, or evaluate potential redevelopment options subject to applicable historic-preservation review and governmental approvals.