- Single Family Residence
- 1,855 Sq Ft
- 4
- 3 full
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!
Property Features
- Property Type: Residential
- Property Subtype: Single Family Residence
- Approx Living Area SqFt: 1,855
- Year Built: 1960
- Total Bedrooms: 4
- Bathrooms: 3
- Full Baths: 3
- House Faces/Primary View: East
- Exterior Description: Sidewalk, Sliding Doors, Storage
- Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Cooling System: Central Air, Wall/Window Unit(s)
- Heating Fuel: Central
- Utility Information: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Flooring: Laminate, Tile
- Pets Allowed: No 0
- County: Orange
- Subdivision: EAST HIGHLANDS SUB
- Age Restricted: No
- Annual Property Taxes: $927
- Security Deposit: 0
- Special Info: None
Location for 1720 Salem Dr Orlando, FL 32807
Directions to address
Property Details
| Living Area | 1,855 SqFt |
| Lot Size | 6,448 SqFt |
| Year Built | 1960 |
| Pool | No |
| Listing Status | Active |
| Days on Market | 1 |