708 N Saint Clair Abrams Avenue, Tavares, FL 32778
- $369,000
- 5
- BD
- 3
- BA
- 2,549
- SqFt
- List Price
- $369,000
- Status
- Active
- Days on Market
- 177
- Price Change
- ▼ $5,900 1783451399
- MLS#
- O6373379
- Property Style
- Triplex
- Year Built
- 1949
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,549
- Lot Size
- 11,050
- Acres
- 0.25
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Tavares Nutts Sub
- MLS Area Major
- Tavares / Deer Island
Property Description
Price Improvement – Prime Investment Opportunity in Tavares! Unit 708: Recently updated, with fresh paint and fixtures. 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!
Additional Information
- Taxes
- $4220
- Minimum Lease
- No Minimum
- Annual Gross Income
- 24600
- Location
- City Limits, Level, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RMF-2
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen
- Floor
- Tile
- Appliances
- Cooktop, Range, Range Hood, Refrigerator
- Utilities
- Electricity Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Central Air, Mini-Split Unit(s)
- Exterior Construction
- Concrete
- Exterior Features
- Private Mailbox, Private Yard, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Carport
- Elementary School
- Tavares Elem
- Middle School
- Tavares Middle
- High School
- Tavares High
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 29-19-26-0900-094-00400
- Legal Description
- TAVARES NUTT'S SUB LOT 5 S 35 FT OF LOT 4 BLK 94 PB 5 PG 51 ORB 4588 PG 1279 ORB 6331 PG 1352
Listing courtesy of ALL REAL ESTATE & INVESTMENTS. 407-917-8206
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