5 Beds
3 Baths
2,549 SqFt
5 Beds
3 Baths
2,549 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,549 sqft
Price per Sqft $136
Subdivision Tavares Nutts Sub
MLS Listing ID O6373379
Bedrooms 5
Construction Status Completed
HOA Y/N No
Year Built 1949
Annual Tax Amount $4,220
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 85x130
Property Sub-Type Triplex
Source Stellar MLS
Property Description
Don't miss this exceptional income-producing triplex located at 708 North St. Clair Abrams Ave — a rare opportunity to own a multi-unit property in a growing area with strong rental demand and excellent upside potential.
This well-maintained property features three separate units, including two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each with private entrances for added tenant privacy and convenience.
Recent updates include updated electrical systems and a new hot water heaters in all 3 units; giving investors added peace of mind and reducing future maintenance concerns.
All units are currently leased on a month-to-month basis, offering flexibility for a new owner to increase rents to market value, implement improvements, or occupy a unit if desired.
Unit Breakdown
Unit A (708): 2 Bed / 1 Bath – Vacant
Unit B (710): 2 Bed / 1 Bath – Currently $750/month – Month-to-Month
Unit C (712): 1 Bed / 1 Bath – Currently $550/month – Month-to-Month
Estimated market rents projected at $900–$1,200 per unit, creating substantial income growth potential.
Current Annual Rental Income
$24,600 annually
Property Features & Expenses
Utilities Included: Water & Trash ($220 average monthly)
Property Taxes: $4,093.51
Insurance: $3,413/year
Pest Control: $135/month + $95/quarter
Additional Features
Front & rear parking available
Laundry: Unit A inside | Unit B in shed | Unit C N/A
Units A & C feature fenced yards with patios
Separate private entrances for all units
Whether you're expanding your investment portfolio or searching for your next value-add opportunity, this triplex offers immediate cash flow with long-term appreciation and rental upside.
Conveniently located near shopping, dining, and major roadways, this property continues to be highly attractive for tenants and future leasing opportunities.
Excellent opportunity for investors looking to maximize returns in a rapidly growing Central Florida market!
Location
State FL
County Lake
Community Tavares Nutts Sub
Area 32778 - Tavares / Deer Island
Zoning RMF-2
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen
Heating Electric
Cooling Central Air, Mini-Split Unit(s)
Flooring Tile
Fireplace false
Appliance Cooktop, Range, Range Hood, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Private Mailbox, Private Yard, Storage
Utilities Available Electricity Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Porch Patio
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Completed
Schools
Elementary Schools Tavares Elem
Middle Schools Tavares Middle
High Schools Tavares High
Others
Pets Allowed Cats OK, Dogs OK
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/f156c659-5f6e-46cf-ab4c-a48c71bf740f?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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