Address1720 Salem Drive, ORLANDO, FL, 32807
Price$520,000
- Income
- 1,855 SQ FT
- Built in 1960
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!
Essential Information
- MLS® #O6218907
- Price$520,000
- Bathrooms0.00
- Square Footage1,855
- Acres0.15
- Price/SqFt$280 USD
- Year Built1960
- TypeIncome
- Sub-TypeTriplex
- StatusActive
Community Information
- Address1720 Salem Drive
- SubdivisionEAST HIGHLANDS SUB
- CityORLANDO
- CountyOrange
- StateFL
- Zip Code32807
Area
Orlando/Azalea Park/Park Manor
Interior Features
Open Floorplan, Stone Counters
Appliances
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air, Wall/Window Unit(s)
Exterior Features
Sidewalk, Sliding Doors, Storage
Interior
- HeatingCentral
Exterior
- RoofShingle
- FoundationSlab
Additional Information
- Date ListedJune 30th, 2024
- Days on Market6
- ZoningR-1
Listing Details
- OfficePARK PLACE REAL ESTATE
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