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$369,000

703 Mabbette Street Kissimmee, FL 34741 Multi Unit - Multiple Active

  • 703 Mabbette Street, Kissimmee, FL 34741 Main Photo

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Description

Located in the heart of the historic district of Kissimmee, this charming 1910 duplex blends timeless character with modern updates - a rare income-producing asset in one of Central Florida's most desirable downtown corridors.Each residence features 2 bedrooms and 1 bathroom and was fully renovated in 2022, combining updated interiors with preserved historic charm. Major capital improvements include a new roof (2022) and foundation reinforcement completed in 2025, significantly reducing near-term capital expenditure risk.Currently leased at $1,500 monthly for each residence, the property presents immediate rental upside into the $1,525 to $1,550 monthly range without additional renovations. Based on current operating performance, the duplex demonstrates the potential for a strong and stable return, subject to buyer verification.With improving interest rate conditions, the property may provide favorable income performance, even when considering insurance costs typically associated with historic properties.This is not a speculative value-add opportunity - it is a stabilized asset in downtown Kissimmee positioned for long-term hold potential. Buyers seeking income stability may find this property well suited for a conservative investment strategy.All financial figures and projections are estimates and should be independently verified by the buyer.The adjacent lot is also available for purchase (S5144748). Pricing consideration may be extended to buyers acquiring both properties simultaneously. Please inquire for additional details.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.14 Acres
Roof Type: Shingle
Taxes: $4,014
Year Built: 1910

General Information

Bedrooms: 4
Sqft: 1,613
County: Osceola
Subdivision: MATHEWS
Listed By:
Daniella Padron Porras 407HUB REAL ESTATE LLC 407-468-2015

Amenities

Thermostat
Fence

Property Features

Annual Net Income: 1771.20
Days on Site: 5
Directions: From John Young Parkway, head south toward Kissimmee. Turn left onto Mabbette St. The property will be on your left.
Exterior: Frame, Wood Siding
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.14
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, ShowingTime
Special Sale Provisions: None
Units: 2
Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Water: Public
Water Access Y/N: No
Zoning: KB5
$369,000
4beds
1,613sqft
New to the Market Active
BEDS4 BATHS SQUARE FEET1,613 MLS#S5144597
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMATHEWS

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703 Mabbette Street, Kissimmee, FL 34741.

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Estimated Payment

$ 1,686.70 per month $1,244.58 Principal & Interest $334.50 Property Tax $107.63 Homeowner's Insurance

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