320 17TH AVENUE
About This Property
Each side of this well-maintained duplex features 2 bedrooms and 2 bathrooms, with just over 900 sq. ft. each unit. One side has just become vacant, creating a unique opportunity for a first-time homebuyer to move in while collecting rental income from the other. For investors, ready-to-move-in tenants are willing to pay $1,900/month for the vacant unit-making this an immediate income-generating asset.
The property was producing a combined monthly rental income of $3,325 until April 2025, when the tenants in Unit 320 relocated to Miami. Unit 320 was updated in 2023 and includes a carport and an attached utility shed for added storage. Unit 322 was renovated in 2017, featuring granite countertops in both the kitchen and bathroom, updated flooring in the common areas, and a screened-in porch perfect for relaxing outdoors.
Both units have new Carrier A/C systems installed in May 2021. Other key upgrades include a new roof (2017), a new sewer pump system (2020), and a new water filtration system (Dec. 2024). Each unit also includes a separate utility shed in the rear of the building.
The long-term tenant in Unit 322 has been renting for over 18 years, reflecting strong rental history and tenant satisfaction. Located in a peaceful, country-like setting yet conveniently close to major highways like 408, 429, and the Turnpike, this duplex offers easy access to downtown Orlando, area attractions, shopping, and even the beaches.
With no HOA, extensive upgrades, solid income potential, and a prime location, this property is a rare find. Lease for unit 322 ends on July 31, 2025. Act fast-multiple offers are expected! Don't let this Central Florida gem slip away!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/09/2025
| |
4 Bed
|
4 Bath
|
1824 ft²
|
$429,900
4 Bed
4 Bath
1824 ft²
|
$435,000
+1.19%
06/18/2025
|
Carlos Diaz Diaz
V PROPERTIES INC
|
|
05/28/2021
| |
Studio
|
-
|
1824 ft²
|
$325,000
Studio
-
1824 ft²
|
$300,000
-7.69%
08/23/2021
|
Richard Sherrod, Jr
EXP REALTY LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017