Bought with
$1,670,000
$1,700,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
7 Baths
5,376 SqFt
SOLD DATE : 10/31/2025
Key Details
Sold Price $1,670,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,376 sqft
Price per Sqft $310
Subdivision Mt Vernon Heights Add 01
MLS Listing ID S5135466
Sold Date 10/31/25
Bedrooms 14
Construction Status Completed
HOA Y/N No
Year Built 1955
Annual Tax Amount $27,661
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Welcome to 1216 Virginia Dr, a prime cash-flowing investment opportunity located in the heart of Downtown Orlando! This 8-unit multifamily property offers unbeatable location appeal, just minutes from top restaurants, shopping, and entertainment in one of Orlando's most vibrant and walkable neighborhoods.
The building is remodeled, offering a strong mix of updated interiors and long-term upside. 6 out of 8 units feature in-unit laundry, a highly desirable amenity that commands higher rents and reduces turnover. The property has been well maintained, with significant updates already completed—ideal for investors looking for immediate returns with minimal effort.
With strong rental history and solid in-place income, this is your chance to own a turn-key asset in one of Central Florida's most sought-after urban cores.
Don't miss out on this rare opportunity in the Downtown Orlando market
Location
State FL
County Orange
Community Mt Vernon Heights Add 01
Area 32803 - Orlando/Colonial Town
Zoning R-3A/T/SP
Interior
Interior Features Other
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Appliance Range, Refrigerator
Laundry None
Exterior
Exterior Feature Lighting
Utilities Available Cable Available
Roof Type Other
Garage false
Private Pool No
Building
Foundation Other
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Other
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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