510 N Summerlin AvenueOrlando, FL 32803MLS Number O6129354

  • Price: $849,000
  • Est. Mortgage of $/month
  • 302 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803510 N Summerlin Avenue Orlando FL 32803
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  • 0.12Acreage
  • 1925Year Built
  • 1,903Square Feet
Charming downtown triplex coming available now! Welcome to this exceptional triplex located in the heart of Downtown Orlando, offering an ideal investment opportunity or a perfect owner-occupied residence with additional rental income. This property boasts three distinct 1-bedroom, 1-bathroom units, providing the best of urban living with an abundance of modern features. Unit 1 and Unit 2 have undergone recent renovations in 2021, making them move-in ready and a tenant's dream. Each unit has been thoughtfully updated with brand-new kitchens, residents can stay comfortable year-round with the newly installed AC units, ensuring a pleasant atmosphere regardless of the outside temperature. For added convenience, both units also feature in-unit full-size laundry facilities, making daily chores hassle-free. Unit 3 stands as the largest unit of the triplex and is a standout with its inviting screened balcony on the second floor. This outdoor retreat is where tenants can relax, unwind, and enjoy the pleasant Orlando weather. The unit's spacious layout provides ample room for comfortable living and is sure to attract tenants seeking a tranquil and unique living experience. The location couldn't be more ideal, as this triplex is nestled in the vibrant and sought-after Downtown Orlando area. Residents will have easy access to an array of dining, entertainment, and cultural options, as well as proximity to major transportation hubs, ensuring a convenient commute to any part of the city. Investors will appreciate the potential for steady rental income, given the prime location and the appeal of the recently remodeled units. Owner-occupiers will also find themselves living in one of the units while renting out the others, making this triplex an excellent financial prospect. Don't miss this incredible opportunity to own a triplex with two extensively renovated units and a spacious screened balcony in the heart of Downtown Orlando. Whether you're looking for an income-generating property or a stylish residence with additional rental potential, this triplex is a must-see! Schedule your showing today and experience the best of urban living in one of Orlando's most vibrant neighborhoods.
Listing Courtesy of OLDE TOWN BROKERS INC

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More Info

Location Information

  • Road Frontage DescriptionAsphalt

School Information

  • Elementary SchoolLake Como Elem
  • High SchoolEdgewater High
  • Junior HighLake Como School K-8

Building

  • Construction Materials Wood Frame
  • Foundation Details Crawlspace
  • Patio And Porch Features Covered, Front Porch
  • RoofShingle
  • Units3
  • Year Built1925

Property Information

  • Acreage0.12
  • Lot Size Square Feet 5,015
  • MFR Living Area Meters 176
  • MFR Lot Size Square Meters 466
  • MFR Total Acreage 0 to less than 1/4
  • Square Feet1,903

Basic Information

  • Lease Term Twelve Months
  • List Price$849,000
  • MLS NumberO6129354
  • Mls Status Active
  • StatusACT

Location

  • Address510 N Summerlin Avenue
  • AreaOrlando/Colonial Town
  • CountyOrange
  • Exterior Features Irrigation System, Sidewalk
  • StateFL
  • SubdivisionNewkirk Sub
  • TownOrlando
  • Township 22
  • Zip32803

Water Body

  • MFR Water Access YN No
  • Water ViewNo

Tax Information

  • Tax Year 2022
  • Taxes$4,996

Basic Information

  • Property SubTypeTriplex
  • Special Listing Conditions None
  • Total Actual Rent $5,040

Property

  • ZoningR-2B/T/HP

Utilities

  • Cooling Central Air
  • Heating Central
  • Laundry Features Inside
  • Sewer Public Sewer
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Available
    • Electricity Connected
    • Sewer Available
    • Sewer Connected
    • Water Available
    • Water Connected
  • Water Source Public

Other

  • Date Listed07/28/2023
  • Gross Income $60,480
  • MFR Additional Lease Restrictions Minimum lease period 7 months.
  • MFR Annual Net Income $51,485
  • MFR Flood Zone Code X
  • MFR Flood Zone Date 2009-09-25
  • MFR Minimum Lease 7 Months
  • Tenant Pays ["Electricity", "Sewer", "Trash Collection", "Water"]
  • View Count118
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of May 24, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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