Active

$790,000

Features:
  • 3 Bedrooms
  • 2 Bathrooms
  • 2084 sq ft
Overview
  • ID: MFRS5135060
  • Bedrooms: 3
  • Bathrooms: 2
  • Size: 2084 sq ft
Property Details
Remarks
Welcome to 728 N Summerlin Ave, a versatile multi-unit property in Park Lake Highland. This unique parcel features a 3-bedroom, 2-bath historic home, along with an attached triplex, offering four separate units. All units are leased, producing approximately $6,050 per month ($72,000 annually), with opportunity for rent growth. The primary residence features over 2,080 sq ft, original hardwood floors, a fireplace, updated HVAC (installed in 2023) and Roof, and a two-car garage. The triplex units each have private entrances and efficient wall unit systems. Two powerful ways to own this property: Investor Model: Treat it as a fully leased fourplex delivering steady income in a prime location. With over $72,000 in annual income already in place and upside potential from rents, this is a turnkey asset with long-term growth potential in one of Orlando’s most desirable rental markets. Hybrid Model: Live in the beautifully preserved main house and let the three triplex units offset your mortgage. With $3,550/month in rent covering a large share of ownership costs, you enjoy the comfort and stability of homeownership while tenants contribute directly toward your monthly expenses. Whether you are an investor looking for strong returns or a homeowner looking for affordability in a prime neighborhood, 728 N Summerlin Ave offers both. Call today for details on the current income and growth potential.
Financial Considerations
Price:
$790,000
HOA Fee:
N/A
Tax Amount:
$14347.91
Price per SqFt:
$379.08
Tax Legal Description:
PARK LAKE SUB (DANNS) E/89 LOT 27 BLK 2
Exterior Features
Lot Size:
6160
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
2
Heating:
Central, Ductless
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Range, Refrigerator
Furnished:
Yes
Floor:
Tile, Wood
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1930
Construction Type:
Block, Cement Siding, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    728 N SUMMERLIN AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 299,995
avt
Daniel Dourado
$ 293,500
avt
Daniel Dourado
$ 468,000
avt
Daniel Dourado
$ 495,000
avt
Daniel Dourado
$ 1,200,000
avt
Daniel Dourado
$ 299,000
avt
Daniel Dourado
$ 524,000
avt
Daniel Dourado
$ 479,990