Rare find cash cow - 3-unit triplex building for sale. Concrete block construction. 2 units occupied by long-term month-to-month tenants paying $525 per month (very low and should be increased to near $800 per month) who are paid up-to-date and want to stay. 1 unit is currently empty. All units are 1 bedroom, 1 bathroom, plus living room, and kitchen. All units have separate electric meters paid for by the tenants. Water bill (approx $25 per month), lawn maintenance ($100 per month), and pest control ($35 per month) are paid by the landlord. Roof replaced in 2017. Septic and drain field replaced in 2018 and pumped in 11/2022. Water heaters replaced in 2015. Building partially re-plumbed in 2015 with each unit having its own water heater and shut off valve. Building totally re-wired with new electric panels in 2005. Unit B had new kitchen in 2018, new flooring in 2023, and freshly painted in 2023. Unit C has carpet. Unit A was tile floored and updated kitchen in 2015. Garage has been rented out in the past to a 4th tenant as a storage unit for $250+ per month. Easy to rent as the building is just minutes from Aldi, Winn Dixie, Sams Club, Walmart Supercenter, convenience stores, lots of shopping, and the bus route. Seller is downsizing their portfolio and says let's make a deal.
Sold for $285,000
$285,000
504 Ocean Ave, Apopka, FL 32703
1beds
1baths
1,502sqft
Triplex, Multi Family
Built in 1958
-- sqft lot
$295,400 Zestimate®
$190/sqft
$1,321 Estimated rent
Home value
$295,400
$275,000 - $319,000
$1,321/mo
Zestimate® history
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List your homeWhat's special
Drain fieldSeparate electric metersNew kitchenWalmart supercenterNew flooringSams clubWinn dixie
Zillow last checked:
Listing updated:
Listed by:
Robert Arnold, Jr 407-389-7318,
SAND DOLLAR REALTY GROUP INC 407-389-7318
Bought with:
Roger Alcantara Mayen, 3430204
MY REALTY GROUP, LLC.
Source: Stellar MLS,MLS#: O6150095
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Wall Units / Window Unit
Cooling
- Other, Wall/Window Unit(s)
Appliances
- Included: Electric Water Heater, Range, Refrigerator
Features
- Other
- Flooring: Carpet, Laminate, Tile
- Has fireplace: No
Interior area
- Total structure area: 2,151
- Total interior livable area: 1,502 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Oversized
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions: 24x22
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Storage
Lot
- Size: 0.32 Acres
Details
- Parcel number: 112128000000148
- Zoning: R-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Block, Stucco
- Foundation: Crawlspace, Slab
- Roof: Membrane
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: NONE
HOA
- Has HOA: No
Location
- Region: Apopka
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $225,372
- Annual tax amount: $2,642
- Date on market: 10/16/2023
- Cumulative days on market: 11 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/30/2023 | Sold | $285,000-9.5%$190/sqft |
Source:  Stellar MLS #O6150095 Report a problem | ||
| 10/28/2023 | Pending sale | $315,000$210/sqft |
Source: Stellar MLS #O6150095 Report a problem | ||
| 10/24/2023 | Price change | $315,000-4.5%$210/sqft |
Source: Stellar MLS #O6150095 Report a problem | ||
| 10/16/2023 | Listed for sale | $329,900+37.5%$220/sqft |
Source: Stellar MLS #O6150095 Report a problem | ||
| 7/17/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/29/2023 | Listed for sale | $240,000+114.3%$160/sqft |
Source: Owner Report a problem | ||
| 10/9/2014 | Listing removed | $112,000$75/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 9/2/2014 | Price change | $112,000-0.9%$75/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 8/26/2014 | Price change | $113,000-0.9%$75/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 8/19/2014 | Price change | $114,000-0.9%$76/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 8/12/2014 | Price change | $115,000-0.9%$77/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 8/5/2014 | Price change | $116,000-0.9%$77/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 7/29/2014 | Price change | $117,000-0.8%$78/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 7/22/2014 | Price change | $118,000-0.8%$79/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 7/15/2014 | Price change | $119,000-0.8%$79/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 7/8/2014 | Price change | $120,000-0.8%$80/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 7/1/2014 | Price change | $121,000-0.8%$81/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 6/25/2014 | Price change | $122,000-2%$81/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 6/17/2014 | Price change | $124,500-0.3%$83/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 6/13/2014 | Price change | $124,900-0.1%$83/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 6/10/2014 | Price change | $125,000-3.1%$83/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 6/4/2014 | Price change | $129,000-7.2%$86/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 5/24/2014 | Listed for sale | $139,000+16.8%$93/sqft |
Source: Sand Dollar Realty Group, Inc. #O5225511 Report a problem | ||
| 10/1/2011 | Listing removed | $119,000$79/sqft |
Source: Sand Dollar Realty Group, Inc. #O5045371 Report a problem | ||
| 8/10/2011 | Price change | $119,000-7.8%$79/sqft |
Source: Sand Dollar Realty Group, Inc. #O5045371 Report a problem | ||
| 6/18/2011 | Listed for sale | $129,000+27.7%$86/sqft |
Source: Sand Dollar Realty Group, Inc. #O5045371 Report a problem | ||
| 3/3/2005 | Sold | $101,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,529 +57.9% | $225,372 +74.3% |
| 2023 | $2,869 +8.6% | $129,308 +7.8% |
| 2022 | $2,642 +3.4% | $120,007 +5.1% |
| 2021 | $2,555 +4.8% | $114,148 +6.9% |
| 2020 | $2,437 +0.9% | $106,771 +2.4% |
| 2019 | $2,416 +7.6% | $104,231 +10% |
| 2018 | $2,245 | $94,755 +1.7% |
| 2017 | $2,245 +10.3% | $93,159 +19.3% |
| 2016 | $2,035 +11.3% | $78,059 +4.8% |
| 2015 | $1,828 -5.2% | $74,471 -11.2% |
| 2014 | $1,929 +15% | $83,908 +38.8% |
| 2013 | $1,677 +3% | $60,456 +2.7% |
| 2012 | $1,628 +12.3% | $58,849 +40.2% |
| 2011 | $1,449 +0.3% | $41,976 -2.6% |
| 2010 | $1,445 | $43,113 -32.3% |
| 2009 | -- | $63,710 -30.5% |
| 2008 | $2,186 +15.3% | $91,716 +7.9% |
| 2007 | $1,896 -1.1% | $85,009 +7.8% |
| 2006 | $1,917 +3.9% | $78,855 +5.4% |
| 2005 | $1,845 +17.4% | $74,793 +21.5% |
| 2004 | $1,571 +6.5% | $61,557 +10.7% |
| 2003 | $1,476 +2% | $55,623 +2.9% |
| 2002 | $1,447 | $54,072 |
Find assessor info on the county website
Neighborhood: 32703
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Nearby schools
GreatSchools rating
- 4/10Lovell Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Piedmont Lakes Middle SchoolGrades: 6-8Distance: 2.3 mi
- 3/10Wekiva High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$295,400
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Estimated market value
$295,400
- Florida
- Orange County
- Apopka
- 32703
- 504 Ocean Ave
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