1615 E Ridgewood Street, Orlando, FL 32803

Description

Please refer to MLS listing #O5941511 for more details. This unique RESIDENTIAL INCOME-PRODUCING HISTORIC PROPERTY is a 4-UNIT MULTI-FAMILY RESIDENTIAL parcel situated on a double lot, both lots zoned R2, in the heart of Downtown Orlando. This one-of-a-kind property consist of 3 BUILDINGS just under 1/2 acre of land surrounded by a tropical oasis. The MAIN HOUSE is a stately 2 story 1926 Colonial Revival home with 4 bedrooms, 2.5 baths and 2 additional multi-purpose rooms to fit your own personal lifestyle. This home exterior is beautifully manicured with a grand entrance boasting lots of curb appeal. The home features leaded glass windows, original picture frame oak wood floors, marble gas fireplace, 10’ ceilings, crown molding and a stunning staircase with traditional wainscoting, fully renovated kitchen with white shaker cabinetry, custom vent hood, marble counter and backsplash. A traditional mudroom/laundry/pantry is located just off kitchen with additional exit door. Unique butler pantry separates the kitchen and the formal dining room with access to the porte-cochere. Off the large formal living room through French doors is a bright sunroom with porcelain marble tile floors and wrap around windows displaying spectacular views. Exit living room through an additional French door to an office/library. Exit library through a second door and hallway and find an elegant classic black and white marble tiled powder room with traditional wainscoting and pedestal sink. On the second floor one of the spacious bedrooms has an additional connecting room with endless possibilities and an attic access. The master bedroom features full updated vintage en-suite and cedar closet. There are views from all the rooms overlooking Fern Creek. The potential rental income is $6K per month OR LIVE IN THE MAIN HOUSE AND LET THE RENTAL UNITS PAY THE MORTGAGE. CARRIAGE HOUSE circa 2015: 3 BR 2 BATH 2 STORY HOME with a consistent high rental yield. A brick driveway leads to a front porch flanked by reclaimed Georgian columns mirroring the main house. French doors open to a contemporary kitchen/living open floor plan with espresso cabinetry, stainless appliances and panty. A separate laundry features storage and tankless hot water heater. Adjacent to the laundry area is a contemporary full bath with tub and shower. Venture to the second floor up the oak wrought iron stairway revealing 2 large bedrooms separated by a full bath with a marble top vanity, walk in shower and a large linen closet. Separate irrigation system, electric and water. This home is occupied and rents for $2300. The second building located behind the main home is split into an upstairs and downstairs homes, each currently rented with a 1 car garage. The UPSTAIRS HOME, renovated in 2020 is a 2-bedroom, 2 bath featuring hardwood floors, an enormous living space and a large master suite with bath. This home is occupied and rents for $2,000 a month. The DOWNSTAIRS HOME is a 1 bed, 1 bath, updated in 2012. The kitchen features granite, cherry cabinets, tile floors, master ensuite with two closets and a private patio overlooking a lusciously landscaped yard and the actual "Fern Creek." This home is occupied and rents for $1,500 a month. This prime location is minutes away from Lake Eola, restaurants, the Entertainment Arena and has easy access to I-4 and the east west expressway. The Orlando SUNRAIL train is 12 min away and beautiful Cocoa Beach only 56 miles away and Disney an easy commute.