Property Description

Under contract-accepting backup offers. **SELLER TO GIFT BUYER WITH A $2,000 CONCESSION AT CLOSING WITH STRONG OFFER!**Opportunity Awaits - Builders & Investors Take Notice!The possibilities are endless with this unique development opportunity located in the highly desirable City of Oviedo. Per the City of Oviedo, the property is entitled to accommodate up to four total units based on its acreage. With the existing income-producing single-family home already in place, this creates the opportunity to build up to three additional units - design the project that best fits your vision. Potential options include three additional single-family homes, a duplex plus one single-family residence, or a triplex configuration.The entire property consists of a large triangular parcel. The smaller interior triangle represents the existing homesite, while Parcel B designates the area approved for future development. City documentation and surveys outlining buildable areas and property layout are available for review.The existing single-family home is currently leased at $1,500 per month, providing immediate cash flow while planning future construction. Though modest in size, the home is full of charm and has been recently updated with a renovated kitchen featuring granite countertops and stainless steel appliances, an updated bathroom, fresh interior and exterior paint, luxury vinyl plank flooring throughout, modern lighting, and updated air conditioning.Location truly sets this property apart. Just minutes from Oviedo on the Park, residents enjoy access to dining, shopping, community events, an amphitheater, splash pad, and popular gatherings such as Oktoberfest at Oviedo on the Park and Bark & Brew. Nearby attractions include Twin Rivers Golf Club, convenient access to State Road 417, and easy drives to Central Florida's world-famous theme parks and beaches.The property also benefits from proximity to major educational and employment hubs including University of Central Florida, Full Sail University, Central Florida Research Park, and Seminole State College of Florida - all within approximately 20 minutes.Consistently ranked among the top small cities in the United States, Oviedo offers exceptional quality of life and top-rated public schools, making this an outstanding opportunity for developers, investors, or builders looking to capitalize on growth in one of Central Florida's most sought-after areas.Priced aggressively for a quick sale - act fast before this rare opportunity is gone!