Income Triplex with Fenced
7545 S Old Oaks Drive Floral City, FL 34436
For Sale
$350,000
MULTI_FAMILY - Other - Floral City, FL
Property Size2,658 SF
Lot Size2.11 Acres
Price / SF$131.68
Days on Market359
Property Features for 7545 S Old Oaks Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- CLRMH
- Parking
- 2
- Parking features
- Carport, Paved or Surfaced, Driveway
- Interior features
- EatInKitchen
- Exterior features
- UnpavedDriveway
- Appliances
- Dishwasher, ElectricCooktop, ElectricOven, MicrowaveHoodFan, Microwave, Refrigerator
- Standard status
- Active
- APN
- 2646705
- Size
- 2,658 SF
- Lot size
- 2.11 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 4655
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Stucco
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 726-6668
Listed By:
Luke Whitehurst · License #3273034
(352) 476-5578
Added: Jul 31, 2025
Changed: Jul 24
Last Checked: Jul 24 at 4:06PM
MLS# 846834
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing triplex offers three separate dwellings with individual power metering for each unit. The property includes three newer A/C units, three separate power meters, and a newer water heater. Unit mix consists of a 3-bedroom/2-bath home with approximately 1,400+ square feet, a 2-bedroom/1-bath home with approximately 672 square feet, and a 1-bedroom unit with approximately 576 square feet. Interiors are described as updated and well maintained, with newer appliances and flooring elements including tile and wood planking, along with wood features throughout the log cabin-style character of the homes.
Set on about 2.11 acres of fenced land, the property offers outdoor space for animals, and the fenced layout supports practical on-site utility. The home is described as being near the public boat ramp for Tsala Apopka Lake and the Withlacoochee River, with nearby access to area stores including Jacks store, Sleepy hallow, and Boondocks General store.
Zoned CLRMH, this multi-residential property totals approximately 2,658 square feet and consists of three updated, separately metered homes within one fenced parcel.
Set on about 2.11 acres of fenced land, the property offers outdoor space for animals, and the fenced layout supports practical on-site utility. The home is described as being near the public boat ramp for Tsala Apopka Lake and the Withlacoochee River, with nearby access to area stores including Jacks store, Sleepy hallow, and Boondocks General store.
Zoned CLRMH, this multi-residential property totals approximately 2,658 square feet and consists of three updated, separately metered homes within one fenced parcel.
Key Highlights
- Income‑producing multi‑residential with three separate dwellings: 3/2 (1400+ SF), 2/1 (672 SF), and 1/1 (576 SF)
- Three new A/C units and three separate power meters (one per unit)
- Utilities: well water and septic tank; metal roof and stucco construction
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $13.80 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $34.7k | $13.04 |
| − OpEx | −$10.4k | −$3.91 |
| NOI | $24.3k | $9.13 |
2,658 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three separate power meters, newer HVAC units, and fenced outdoor space on 2+ acres.
Where is this triplex located?
The property is located at 7545 S Old Oaks Drive 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: Income‑producing multi‑residential with three separate dwellings: 3/2 (1400+ SF), 2/1 (672 SF), and 1/1 (576 SF); Three new A/C units and three separate power meters (one per unit); Utilities: well water and septic tank; metal roof and stucco construction
