1720 Salem Drive, Orlando, FL, 32807

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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 TypeMulti-Family
NeighborhoodEast Highlands Sub
CountyOrange
Taxes$3,222
HOA/Condo/Coop Fees$0
Days on Site61 Days
MLS StatusActive
MLS ID NumberO6218907
Home Size Source Public Records
Year Built1960
Lot Size0.15 Acres
Full BathsN/A
Partial BathsN/A

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General Features

Construction Block
Sewer Septic Tank
Number of Stories 1
Acreage 0.15
Water Public
Property Sub Type Triplex
Utilities Cable ConnectedElectricity ConnectedSewer ConnectedWater Connected
Foundation Slab
Zoning R-1
Minimum Lease No Minimum
Ownership Fee Simple
Parcel Number 23-22-30-2320-03-020

Interior Features

Cooling Central AirWall/ Window Unit(s)
Heating Central
Appliances Convection OvenDishwasherDisposalDryerElectric Water HeaterMicrowaveRefrigeratorWasher
Flooring LaminateTile
Interior Open FloorplanStone Counters
Laundry Features Laundry Room
Fireplace No

Exterior Features

Roof Shingle
Waterfront Property No
Exterior SidewalkSliding DoorsStorage

Community Features

Township 22
Senior Community No
MLS Area 32807 - Orlando/Azalea Park/Park Manor

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Monthly Payment (Est.)

$2,764

1720 Salem Drive Orlando, FL 32807