Skip To Content

1720 Salem Drive

Orlando, FL 32807
  • $425,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: O5977761
UPDATED: 21 min ago
$425,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,855
    SQFT
  • $229
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1960
County:

School Ratings & Info

Description

Here it is! The investment opportunity of the year! 10.5% gross cap rate! 8.6% net cap rate! Fully renovated triplex that features brand new roofs on both buildings, beautiful granite counter tops and brand new shaker cabinets on all three units, brand new laminate flooring throughout with new tile in the bathrooms. Stainless steel appliances throughout all three units. All of the plumbing was redone as well, featuring PEX and PVC piping. Open concepts in all 3 of the units. The interior was fully painted. New shower tile and vanity in the studio unit. Gutters installed on the back unit. Asphalt millings were added to create additional parking. Two separate laundry units. Septic tank just pumped. Garbage disposal and water line added to the 3/1 unit making it ideal for a family tenant. The a/c system is only 4 years old. The list goes on! Convenient access to Downtown Orlando, UCF the 417 and the 408. Just This property is set for steady cash flow with very minimal expenses needed for years to come. Both, the studio unit and the 1/1 are currently rented for $1,050/month with electrical, water, cable, and internet included. Both are on 1 year lease agreements Get it before it's gone!

Monthly Payment Calculator




© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-10-15T18:43:14.313.
www.godwinrealtygroup.com/homes/122120491
Print Image

1720 Salem Drive Orlando, FL 32807

  • Price: $425,000
  • Status: Active
  • Updated: 21 min ago
  • MLS #: O5977761
4
Beds
3
Baths
0
½ Baths
0.15
Acres
1,855
SQFT
$229
$/SQFT
1960
Built
Neighborhood:
East Highlands Sub
County:
Orange
Area:
Orlando/Azalea Park/Park Manor
Property Description
Here it is! The investment opportunity of the year! 10.5% gross cap rate! 8.6% net cap rate! Fully renovated triplex that features brand new roofs on both buildings, beautiful granite counter tops and brand new shaker cabinets on all three units, brand new laminate flooring throughout with new tile in the bathrooms. Stainless steel appliances throughout all three units. All of the plumbing was redone as well, featuring PEX and PVC piping. Open concepts in all 3 of the units. The interior was fully painted. New shower tile and vanity in the studio unit. Gutters installed on the back unit. Asphalt millings were added to create additional parking. Two separate laundry units. Septic tank just pumped. Garbage disposal and water line added to the 3/1 unit making it ideal for a family tenant. The a/c system is only 4 years old. The list goes on! Convenient access to Downtown Orlando, UCF the 417 and the 408. Just This property is set for steady cash flow with very minimal expenses needed for years to come. Both, the studio unit and the 1/1 are currently rented for $1,050/month with electrical, water, cable, and internet included. Both are on 1 year lease agreements Get it before it's gone!
Exterior Features

Carport Yn No Construction Materials Block Covered Spaces 0 Direction Faces East Exterior Features SidewalkSliding DoorsStorage Foundation Details Slab Open Parking YN No Pool Private Yn No Road Surface Type ConcreteGravel Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Convection OvenDishwasherDisposalDryerElectric Water HeaterMicrowaveRefrigeratorWasher Cooling Central AirWall/Window Unit(S) Cooling YN Yes Fireplace Yn No Flooring LaminateTile Heating Central Heating YN Yes Interior Features Open FloorplanStone Counters Levels One Room Count 3 Sewer Septic Tank Water Source Public

Property Features

Association Approval Required Yn No Association Yn No Cdd Yn No DPR Yes Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventionalFha Minimum Lease No Minimum Month To Month Or Weekly Yn No New Construction Yn No Ownership Fee Simple Property Condition Completed Property Sub Type Single Family Residence Senior Community Yn No Special Listing Conditions None Tax Annual Amount 927 Total Annual Fees 0 Total Monthly Fees 0 Utilities Bb/Hs Internet AvailableCable ConnectedElectricity ConnectedSewer ConnectedWater Connected Yrs Of Owner Prior To Leasing Re No Zoning R-1


Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Exp Realty Llc.



© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-10-15T18:43:14.313.
 
https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_O5977761-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_O5977761-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_O5977761-2.jpg
Logo
Godwin Realty Group
1112 Pennsylvania Avenue
St. Cloud FL, 34769