1720 SALEM DR Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32807
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,855 sqft
Price per Sqft $296
Subdivision East Highlands Sub
MLS Listing ID O6218907
HOA Y/N No
Originating Board Stellar MLS
Year Built 1960
Annual Tax Amount $3,222
Lot Size 6,534 Sqft
Acres 0.15
Property Description
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!
Location
State FL
County Orange
Community East Highlands Sub
Zoning R-1
Interior
Interior Features Open Floorplan,Stone Counters
Heating Central
Cooling Central Air,Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplace false
Appliance Convection Oven,Dishwasher,Disposal,Dryer,Electric Water Heater,Microwave,Refrigerator,Washer
Laundry Laundry Room
Exterior
Exterior Feature Sidewalk,Sliding Doors,Storage
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None