$100 (*More Info)
$374,900
***Price Improvement – Excellent Investment Opportunity in Tavares! Don’t miss this income-producing triplex located at 708/710/712 North St. Clair Abrams Ave—a rare opportunity to own a multi-unit property in a growing area with strong rental demand. This property features three separate units, including two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each with private entrances. All units are currently leased on a month-to-month basis, providing a new owner with the flexibility to adjust rents to market value and maximize cash flow. Current rents are below market, with estimated market rents projected at $900–$1, 200 per unit, offering significant upside potential. Ideal for investors seeking immediate income with the opportunity to increase returns through rent adjustments or light improvements. Unit Breakdown: Unit A (708): 2 Bed / 1 Bath – $750/month – Month-to-Month Unit B (710): 2 Bed / 1 Bath – $750/month – Month-to-Month Unit C (712): 1 Bed / 1 Bath – $550/month – Month-to-Month ***Estimated market rents are projected $900–$1, 200 per unit. Annual Rental Income: $24, 600 Tenants are currently on month-to-month leases, offering flexibility for rent increases, owner occupancy, or new leases. Property Features & Expenses: Utilities Included: Water & Trash Property Taxes: $4, 093.51 Insurance: $3, 413/year Pest Control: $135/month + $95/quarter Parking: Front & rear parking available Laundry: Unit A inside | Unit B in shed | Unit C N/A Outdoor Space: Units A & C feature fenced yards with patios. Separate Entrances: All units Ideal for investors seeking a value-add opportunity, this property offers both immediate cash flow and long-term upside. Conveniently located near shopping, dining, and major roadways, making it attractive for tenants and future leasing. Whether you're expanding your portfolio or looking for your next income-producing property, this is one you don’t want to miss!
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