3-Unit Triplex with Fenced
New
For Sale
$350,000
7545 S Old Oaks, Floral City, FL 34436
Three separate dwellings have individual electric meters and newer air-conditioning equipment.
Property Size2,658 SF
Days on Market3
Property Features for 7545 S Old Oaks
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA (1400+ sqft), 1 x 2BR/1BA (672 sqft), 1 x 1BR/1BA (576 sqft)
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,655
Building Details
Building Size
2,658 SF
Year Built
1971
Buildings
3
Listing Agency:
Century21 J.W. Morton Real Estate, Inc
Listed By:
Luke Whitehurst · License #3273034
(352) 476-5578
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century21 J.W. Morton Real Estate, Inc
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Investment Insights
Based on property information with market context.
This triplex comprises three separate dwellings: a 3-bedroom, 2-bath home of 1,400+ sq ft, a 2-bedroom, 1-bath home of 672 sq ft, and a 1-bedroom, 1-bath home of 576 sq ft. Each dwelling has its own power meter. The property also has three new air-conditioning units and a new water heater. Interior features include newer appliances, tile and wood-plank flooring, and wood details in the log cabin. The homes are described as maintained and updated, and the land is fenced.
The property is near a public boat ramp, Tsala Apopka Lake, and the Withlacoochee River. Jacks store, Sleepy Hallow, and Boondocks General Store are also nearby.
The property is near a public boat ramp, Tsala Apopka Lake, and the Withlacoochee River. Jacks store, Sleepy Hallow, and Boondocks General Store are also nearby.
Key Highlights
- Three separate dwellings with 3/2, 2/1, and 1/1 layouts
- Dwelling sizes are 1,400+ sq ft, 672 sq ft, and 576 sq ft
- Three separate power meters, one for each dwelling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,264
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,280
$485.3K
Cap Rate 7%
$346,629
$346.6K
Cap Rate 9%
$269,600
$269.6K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$36.7K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$34.7K $13.04/SF
− OpEx
−$10.4K −$3.91/SF
NOI
$24.3K $9.13/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,280
Cap Rate 7%
$346,629
Cap Rate 9%
$269,600
Alternative Uses
Best Use
Multifamily LT 5
$346.6K
$303.3K – $404.4K
NOI $24,264 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$597.2K
$522.6K – $696.8K
NOI $41,807 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate dwellings have individual electric meters and newer air-conditioning equipment.
Where is this triplex located?
The property is located at 7545 S Old Oaks Floral City, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three separate dwellings with 3/2, 2/1, and 1/1 layouts; Dwelling sizes are 1,400+ sq ft, 672 sq ft, and 576 sq ft; Three separate power meters, one for each dwelling
