Seller's Agent in 2023
Robert Arnold
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
5 in this area
1,128 Total Sales
504 Ocean Ave Apopka, FL 32703
Estimated Value: $270,000 - $325,000
3
Beds
3
Baths
1,502
Sq Ft
$194/Sq Ft
Est. Value
Highlights
- Deck
- Covered Patio or Porch
- Oversized Parking
- No HOA
- 2 Car Attached Garage
- Tile Flooring
About This Home
As of November 2023Rare 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.
Last Agent to Sell the Property
SAND DOLLAR REALTY GROUP INC Brokerage Phone: 407-389-7318 License #627826 Listed on: 10/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,642
Year Built
- Built in 1958
Lot Details
- 0.32 Acre Lot
Parking
- 2 Car Attached Garage
- Oversized Parking
- Driveway
Home Design
- Triplex
- Slab Foundation
- Membrane Roofing
- Block Exterior
- Stucco
Interior Spaces
- 1,502 Sq Ft Home
- Crawl Space
- Range
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Deck
- Covered Patio or Porch
- Outdoor Storage
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tenant pays for electricity
- Tax Lot 148
- Assessor Parcel Number 11-21-28-0000-00-148
Community Details
Overview
- No Home Owners Association
- 2,151 Sq Ft Building
Building Details
- Gross Income $20,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2023
Closed on
Nov 30, 2023
Sold by
Ocean Avenue Trust
Bought by
Balc Investments Llc
Seller's Agent
Robert Arnold
SAND DOLLAR REALTY GROUP INC
Buyer's Agent
Roger Alcantara
MY REALTY GROUP, LLC.
List Price
$329,900
Sold Price
$285,000
Premium/Discount to List
-$44,900
-13.61%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,698
Avg. Annual Appreciation
0.90%
Purchase Details
Closed on
Feb 1, 2017
Bought by
Ocean Avenue Trust
Purchase Details
Closed on
Aug 19, 2016
Sold by
504 Ocean Avenue Trust and Arnold Robert
Bought by
Arnold Robert
Purchase Details
Closed on
Aug 1, 2016
Bought by
Ocean Avenue Trust
Purchase Details
Closed on
Apr 1, 2009
Sold by
Smith Ronald C
Bought by
504 Ocean Avenue Trust and Arnold Robert
Purchase Details
Closed on
Jan 26, 2006
Sold by
Floridahome Trust Group Inc
Bought by
504 Ocean Avenue Trust and Arnold Robert
Purchase Details
Closed on
Feb 22, 2005
Sold by
Atwater Charles R and Atwater Barbara A
Bought by
Home Trust Group Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
16%
Mortgage Type
Balloon
Purchase Details
Closed on
Jan 30, 1998
Sold by
Polasek John C and Polasek Ann E
Bought by
Berger Michael J and Berger Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.07%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Balc Investments Llc | $285,000 | Southern Title & Abstract | |
| Ocean Avenue Trust | $100 | -- | |
| Arnold Robert | -- | None Available | |
| Ocean Avenue Trust | $100 | -- | |
| 504 Ocean Avenue Trust | -- | None Available | |
| 504 Ocean Avenue Trust | -- | None Available | |
| Home Trust Group Inc | $101,000 | Brokers Title Longwood Llc | |
| Berger Michael J | $75,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Home Trust Group Inc | $125,000 | |
| Previous Owner | Berger Michael J | $67,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $285,000 | -9.5% | $190 / Sq Ft |
| 10/27/2023 10/27/23 | Pending | -- | -- | -- |
| 10/24/2023 10/24/23 | Price Changed | $315,000 | -4.5% | $210 / Sq Ft |
| 10/16/2023 10/16/23 | For Sale | $329,900 | -- | $220 / Sq Ft |
Source: Stellar MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,262 | $259,763 | $55,000 | $204,763 |
| 2024 | $2,869 | $225,330 | $55,000 | $170,330 |
| 2023 | $2,869 | $129,308 | $55,000 | $74,308 |
| 2022 | $2,642 | $120,007 | $55,000 | $65,007 |
| 2021 | $2,555 | $114,148 | $55,000 | $59,148 |
| 2020 | $2,340 | $106,771 | $45,000 | $61,771 |
| 2019 | $2,416 | $109,395 | $45,000 | $64,395 |
| 2018 | $2,245 | $94,755 | $30,000 | $64,755 |
| 2017 | $2,035 | $93,159 | $30,000 | $63,159 |
| 2016 | $1,828 | $78,059 | $16,000 | $62,059 |
| 2015 | $1,775 | $74,471 | $16,000 | $58,471 |
| 2014 | $1,929 | $83,908 | $16,000 | $67,908 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Arnold
-
Roger Alcantara
Buyer's Agent in 2023
Roger Alcantara
MY REALTY GROUP, LLC.
(407) 936-8615
2 in this area
47 Total Sales
Map
Source: Stellar MLS
MLS Number: O6150095
APN: 11-2128-0000-00-148
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Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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