2 Shine Avenue, ORLANDO, FL 32801
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  • MLS#: O6313933 ( Residential Income )
  • Street Address: 2 Shine Avenue
  • Viewed: 4
  • Price: $725,000
  • Price sqft: $242
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 3000
  • Bedrooms: 4
  • Total Baths: 4
  • Garage / Parking Spaces: 2
  • Days On Market: 6
  • Additional Information
  • Geolocation: 28.5429 / -81.3624
  • County: ORANGE
  • City: ORLANDO
  • Zipcode: 32801
  • Subdivision: Eola Rose Annex
  • Elementary School: Lake Como Elem
  • Middle School: Lake Como School K 8
  • High School: Edgewater High
  • Provided by: DON HARKINS REALTY LLC
  • Contact: Don Harkins, III
  • 321-377-0341
  • mfrmls
  • DMCA Notice
  • Description
    Located on a prominent oversized corner lot at Shine Avenue and Central Boulevard, just steps from the Thornton Park arts and entertainment district, this turn key, income producing duplex presents an exceptional opportunity for investors seeking both immediate cash flow and long term value in the heart of Downtown Orlando. With walkable access to Lake Eola, dining, nightlife, and major employment hubs, the location alone makes this property a high demand asset in a market where land value continues to climb. This property has maintained nearly 100% occupancy over the past decade, a testament to both tenant satisfaction and market desirability. High renewal rates and limited turnover have been fueled by a thoughtful design not commonly found in multifamily housing. Each unit includes a private, oversized, attached garageoffering rare convenience, added storage, enhanced privacy, and security. These features command a premium in rent and contribute to tenant longevity, reducing vacancy risk and maintenance cycles for the owner. Inside, each unit feels more like a single family home than a rental. The first floor features a dedicated foyer entry, spacious living room, separate dining area, and a full sized kitchen with an island, recessed lighting, and updated appliances including a refrigerator, range, dishwasher, and microwave. Private rear patios and covered porches extend the living space outdoors, while the full size interior laundry rooms are consistently cited as a tenant favorite. Upstairs, the layout is intelligently designed as a split bedroom plan, providing quiet and privacy between the two bedrooms. The 13 x 16 primary bedroom enjoys ensuite access to the full bath, while the 11 x 16 junior suite is positioned on the opposite side of the hallway, creating a flexible setup well suited for roommates, families, or work from home needs. Ample closet space and natural light make the upper level just as comfortable as it is functional. Both units have seen significant improvements over the past several years. Kitchens in both units have been fully renovated with electrical updates and new appliances. 2 N Shine underwent a complete bathroom remodel, while 4 N Shine received substantial upgrades. Additional improvements include full interior repainting, new flooring in various areas, new garage door openers, and new in unit washers and dryers. Stabilized and cash flowing, both units are under leaseone through November 2025 and the other through March 2026providing predictable income with no immediate turnover risk. This level of condition, location, and occupancy is nearly impossible to replicate in todays urban core, especially with such low owner responsibilities and minimal deferred maintenance. Whether youre a buy and hold investor seeking appreciation in one of Central Floridas fastest growing neighborhoods, or a portfolio builder looking for reliable income and low tenant churn, this downtown Orlando duplex offers a rare combination of quality, performance, and future upside.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Private Mailbox, Rain Gutters, Sidewalk, Sliding Doors
  • Flooring: Bamboo, Carpet, Ceramic Tile, Luxury Vinyl
  • Living Area: 2376.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Corner Lot, Historic District, City Limits, Landscaped, Level, Near Public Transit, Oversized Lot, Paved
School Information
  • High School: Edgewater High
  • Middle School: Lake Como School K-8
  • School Elementary: Lake Como Elem
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Covered, Curb Parking, Deeded, Driveway, Ground Level, Off Street, On Street, Oversized, Parking Pad, Reserved, Basement
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Trash Collection, Water
Other Features
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Solid Surface Counters, Thermostat, Window Treatments
  • Legal Description: EOLA ROSE ANNEX E/77 LOT 30
  • Levels: Two
  • Area Major: 32801 - Orlando
  • Occupant Type: Tenant
  • Parcel Number: 25-22-29-2516-00-300
  • Possession: Negotiable
  • View: City, Trees/Woods
  • Zoning Code: R-2A/T/HP/
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