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708 N SAINT CLAIR ABRAMS AVENUE, Tavares, FL, 32778 | $374,900
Price Improvement – Prime Investment Opportunity in Tavares! Unit 708: Recently updated, with fresh paint and fixtures.
Don’t miss this exceptional income-producing triplex located at 708 North St. Clair Abrams Ave — a rare opportunity to own a multi-unit property in a growing area with strong rental demand and excellent upside potential.
This well-maintained property features three separate units, including two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each with private entrances for added tenant privacy and convenience.
Recent updates include updated electrical systems and a new hot water heaters in all 3 units; giving investors added peace of mind and reducing future maintenance concerns.
All units are currently leased on a month-to-month basis, offering flexibility for a new owner to increase rents to market value, implement improvements, or occupy a unit if desired.
Unit Breakdown
Unit A (708): 2 Bed / 1 Bath – Vacant
Unit B (710): 2 Bed / 1 Bath – Currently $750/month – Month-to-Month
Unit C (712): 1 Bed / 1 Bath – Currently $550/month – Month-to-Month
Estimated market rents projected at $900–$1, 200 per unit, creating substantial income growth potential.
Current Annual Rental Income
$24, 600 annually
Property Features & Expenses
Utilities Included: Water & Trash ($220 average monthly)
Property Taxes: $4, 093. 51
Insurance: $3, 413/year
Pest Control: $135/month + $95/quarter
Additional Features
Front & rear parking available
Laundry: Unit A inside | Unit B in shed | Unit C N/A
Units A & C feature fenced yards with patios
Separate private entrances for all units
Whether you’re expanding your investment portfolio or searching for your next value-add opportunity, this triplex offers immediate cash flow with long-term appreciation and rental upside.
Conveniently located near shopping, dining, and major roadways, this property continues to be highly attractive for tenants and future leasing opportunities.
Excellent opportunity for investors looking to maximize returns in a rapidly growing Central Florida market!
Features
- Bedrooms: 5
- Units: 3
- Lot Size: 85 x 130
- Laundry: Laundry Room
- Year Built: 1949
- Heating: Electric
- Cooling: Central Air, Mini-Split Unit(s)
- Approx Sq. Feet: 2,549
- Acreage: 0.25
- Lot Size: 85 x 130
- Est. Taxes: $4,220
- Lot Desc: City Lot, Level
- Elem. School: Tavares Elem
- Middle School: Tavares Middle
- High School: Tavares High
- Pet Policy: Cats OK, Dogs OK
- Appliances: Cooktop, Range, Range Hood, Refrigerator
- Lease Terms: 12 Months
- MLS#: O6373379
- Days on Market: 128 days
- Website: https://www.raveis.com
/prop/O6373379/708nsaintclairabramsavenue_tavares_fl?source=qrflyer
Listing courtesy of ALL REAL ESTATE & INVESTMENTS Phone: 407-917-8206
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
708 N SAINT CLAIR ABRAMS AVENUE, Tavares, FL, 32778
$374,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $299,920 | $299,920 | $299,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $352 | $352 | $352 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,822 | $1,894 | $2,491 |
| Total Monthly Payment | $2,249 | $2,321 | $2,918 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388