510 North Summerlin Avenue

Orlando, FL 32803

$839,000
Price
—
Beds
1,903 Sq. Ft.
$441 / Sq. Ft.
1,903
Sq. Ft.
$441
per Sq. Ft.

Description

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
...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.
  1. Listed by Parker Blanchard • OLDE TOWN BROKERS INC
  2. Listed by Maria Blanchard • OLDE TOWN BROKERS INC

Property Details for 510 North Summerlin Avenue

Subdivision Name
NEWKIRK SUB
Township
22
Waterfront
No

Location

Listing Courtesy of OLDE TOWN BROKERS INC, Parker Blanchard; OLDE TOWN BROKERS INC, Maria Blanchard
Add your commute
LISTING UPDATED: 01/22/2024 01:13 PM

Property Details for 510 North Summerlin Avenue

StatusActive
MLS #O6129354
Days on Market239
Taxes$4,996 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1925
Lot Size0.12 AC / 5,015 SF
CountyOrange County

Location

Listing Courtesy of OLDE TOWN BROKERS INC, Parker Blanchard; OLDE TOWN BROKERS INC, Maria Blanchard
Add your commute

Building Information for 510 North Summerlin Avenue

Stories-Residences3Year Built1925Building Size-Lot Size0.12 AC / 5,015 SF

Payment Calculator

$4,995 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,579

Property Taxes

$416

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 510 North Summerlin Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From i4 head East on E Colonial Drive, and turn right on N Summerlin Ave, house is on right past Mount Vernon Street.
  • Elementary School: Lake Como Elem
  • Middle Or Junior School: Lake Como School K-8
  • High School: Edgewater High
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 510
  • Street Direction Prefix: N
  • Street Name: SUMMERLIN
  • Street Suffix: AVENUE
  • State: FL
  • City: ORLANDO
Parking
  • Available For Lease: No
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 00
  • Tax Book Number: E-56
  • Tax Legal Description: NEWKIRK SUB E/56 LOT 2
  • Tax Lot: 2
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 25-22-29-5912-00-020
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R-2B/T/HP
  • Living Area: 1903
Property and Assessments
  • Year Built Numeric: 1925
  • Flood Zone Code: X
  • Flood Zone Date: 09-25-2009
  • Flood Zone Panel: 12095C0265F
  • New Construction: No
  • Public Survey Range: 29
  • Public Survey Section: 25
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Exterior Features: Irrigation System, Sidewalk
  • Foundation Details: Crawlspace
  • Patio And Porch Features: Covered, Front Porch
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Ceiling Fans(s)
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $51,485.00
  • Gross Income: $60,480
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Pro Forma 1: 1650
  • Unit Type Type 1: 1 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Pro Forma 2: 1695
  • Unit Type Type 2: 1 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Pro Forma 3: 1695
  • Unit Type Type 3: 1 Bed/1 Bath
Rental
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Total Actual Rent: $5,040

Property History for 510 North Summerlin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 510 North Summerlin Avenue

Taxable ValueLand$166,500Additions$143,869Total$310,369
Tax Record2023$5,540 ($462 / month)
Home Facts
Total Finished SqFt1,903 SqFtAbove Grade Finished SqFt1,903 SqFtStories2Lot Size5,015 SqFtStyleTriplexYear Built1925Year Renovated1968ZoningR-2B/T/HPCountyORANGEAPN25-22-29-5912-00-020Fireplace TypeHas Fireplace

Schools near 510 North Summerlin Avenue

This home is within Orange.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - K to 8
Public - 8 to 12
Charter - 8 to 12
Rating
School
Distance
Lake Como Elementary School
PublicPK to 8

Cornerstone Academy Charter
CharterK to 8

Winter Park High School
Public8 to 12

Cornerstone Charter Academy High School
Charter8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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510 North Summerlin Avenue is a multi-family home for sale in Orlando, FL 32803. This property was listed for sale on July 27, 2023 by OLDE TOWN BROKERS INC, it's currently listed at $839,000. It has been on the market for a total of 239 days and was last sold on January 19, 2018. This listing's school district is Orange. Nearby schools include Lake Como Elementary School, Cornerstone Academy Charter and Winter Park High School. 510 North Summerlin Avenue is a 0-bed, 0-bath, 1,903 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of OLDE TOWN BROKERS INC, Parker Blanchard; OLDE TOWN BROKERS INC, Maria Blanchard

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 01/22/2024 01:13 PM