Description

STUNNING DOWNTOWN ORLANDO HOME WITH INCOME-PRODUCING APARTMENT 530 S Eola Drive, Orlando, FL 32801 $1, 049, 000 | 6 Bed | 4 Bath | Study | 3, 113 sq ft ?? EXCEPTIONAL INVESTMENT OPPORTUNITY This completely modernized 1924 historic home in Lake Cherokee District offers the perfect combination of luxury living and income generation. The property features a 750 sq ft detached garage apartment that commands $1, 900+ monthly rent - potentially covering your entire mortgage payment! ?? KEY HIGHLIGHTS ?? MOVE-IN READY LUXURY - Thoughtfully updated throughout while preserving original charm and character ?? IMMEDIATE INCOME STREAM - Self-contained 1-bed/1-bath apartment above garage with separate utilities ?? POOL-READY PARADISE - Rare ¼ acre downtown lot with ample space for large swimming pool plus extensive outdoor living areas ?? PRIME LAKE EOLA LOCATION - Steps from iconic Lake Eola Park and 1-minute walk to beautiful Lake Cherokee ?? BRAND NEW ROOF - Installed May 2025 with transferable 7-year warranty included ?? UNMATCHED LOCATION VALUE Located on South Eola Drive in Orlando's premier downtown residential district. Walk to Lake Eola's Sunday farmers market, vibrant dining scene, and cultural attractions. This established neighborhood features tree-lined streets, historic architecture, and strong appreciation potential. ?? MULTIPLE INCOME OPPORTUNITIES Traditional rental: $1, 900+ monthly income Airbnb potential: Prime tourist location Multi-generational living: Perfect for extended family Home office/studio: Additional workspace flexibility ?? INVESTMENT ADVANTAGES Orlando's booming economy and downtown revitalization create exceptional growth potential. The rare combination of: Large downtown lot (¼ acre) Income-producing apartment Pool installation potential Historic district location Recent major improvements Makes this property a standout investment in today's competitive market. ?? PROPERTY DETAILS Year Built: 1924 (Historic charm) Lot Size: ¼ Acre with detached garage Garage: 720 sq ft Property Taxes: $8, 346.49 HOA: None Utilities: All city services Ready for your private showing? This unique combination of luxury, location, and income potential won't last long!