Wow! 8% net cap rate on this beautiful block triplex in East Orlando. Bring in $42,000 annually. Roof, PEX/PVC piping, flooring, granite, cabinets, bathroom (one unit), ALL updated in 2021. Solar panels (2022). Septic and drain field replaced in 2023. Stainless steel appliances throughout! Unit A (3/1) receives $1800/month. Unit B (studio) receives $1275/month (cuts lawn). Unit C (1/1) receives $1250/month. All units are on one electric and one water meter paid for by the owner. Live in one unit and rent out the other or simply make this property your cash cow!
Property Details
Price:
$550,000
MLS #:
O6218907
Status:
Active
Beds:
0
Baths:
0
Address:
1720 SALEM DRIVE
Type:
Multi Family
Subtype:
Triplex
Subdivision:
EAST HIGHLANDS SUB
Neighborhood:
32807 – Orlando/Azalea Park/Park Manor
City:
ORLANDO
Listed Date:
Jun 30, 2024
State:
FL
Finished Sq Ft:
1,855
ZIP:
32807
Lot Size:
6,448 sqft / 0.15 acres (approx)
Year Built:
1960
Units:
3
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
More About GaryMortgage Calculator
Schools
Interior
Appliances
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Laminate, Tile
Heating
Central
Laundry Features
Laundry Room
Exterior
Construction Materials
Block
Exterior Features
Sidewalk, Sliding Doors, Storage
Roof
Shingle
Financial
Tax Year
2022
Taxes
$3,223
Map
Community
- Address1720 SALEM DRIVE ORLANDO FL
- SubdivisionEAST HIGHLANDS SUB
- CityORLANDO
- CountyOrange
- Zip Code32807
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Courtesy of PARK PLACE REAL ESTATE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 1720 SALEM DRIVE
ORLANDO, FL
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