Price Reduced ListingInvestor opportunity in the heart of Ocoee! This well-maintained duplex at 821/823 Sleepy Harbour Drive offers immediate cash flow with significant upside. Each unit features 2 bedrooms, 2 bathrooms, an additional office/flex space, oversized living areas, screened lanais, private fenced yards, individual one-car garages, and separate water and electric meters. Built in 1990, the property has a functional layout that continues to attract long-term tenants - Current tenants are long term and wish to stay. Current rents are $1,720 per unit, providing stable income today, while offering the opportunity to increase returns. With cosmetic updates, market rents are estimated around $2,500 per unit, creating excellent value-add potential for investors looking to grow cash flow. Major capital improvements have already been completed, including a new roof (2022), one new garage door (2022), a new septic system (2022), exterior paint (2022), one new A/C system (2025), and the second A/C replaced in 2017. These big-ticket updates allow the next owner to focus on maximizing rental income rather than major maintenance expenses. Conveniently located near shopping, dining, major highways, and downtown Ocoee, this is a rare opportunity to acquire an income-producing property with strong upside potential in a desirable Central Florida location. Whether you're adding to your portfolio or looking for your next value-add investment, this duplex checks all the right boxes.
| MLS # | O6427602 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1990 |
| Days On Site | 35 |
| Listing Provided By | ATRIUM REALTY, LLC | AJ Stagg, III |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,964 |
| Garage | 1 |
| Zoning | R-3 |
| Acreage | 0.22 |
| Property | 7644 |
|---|
| State | FL |
|---|---|
| County | Orange |
| City | OCOEE |
| Zip Code | 34761 |
| Area | 34761 Ocoee |
| Community Name | HARBOUR HIGHLANDS 02 |
| Listing VS Median (in HARBOUR HIGHLANDS 02) | |
Price: $510,000 low | high Med: $255,875 sqft: 1,964 low | high Med: 1,482 $ / sqft: $260 low | high Med: $131 On site: 35 low | high Med: 45.5 | |
| State | FL |
|---|---|
| County | Orange |
| City | OCOEE |
| Zip Code | 34761 |
| Area | 34761 Ocoee |
| Community Name | HARBOUR HIGHLANDS 02 |
| Listing VS Median (in HARBOUR HIGHLANDS 02) | |
Price: $510,000 low | high Med: $255,875 sqft: 1,964 low | high Med: 1,482 $ / sqft: $260 low | high Med: $131 On site: 35 low | high Med: 45.5 | |