This offering presents a rare opportunity to acquire a 4 unit income producing property in the highly sought after Casselberry submarket of the Orlando MSA.


Property

Website:https://www.nestseekers.com/5588358
Address:
CASSELBERRY, FL 32707
Ownership: Fee Simple
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 5
Lot Size: 0.9 Acres

Financials

Price:$695,000
Annual Taxes:$9,906.93

Description

This offering presents a rare opportunity to acquire a 4-unit income-producing property in the highly sought-after Casselberry submarket of the Orlando MSA. Situated on an expansive 0.85-acre parcel, the property consists of four detached rental homes with durable masonry construction, newer roofs (approximately 4 years old), and a strong history of occupancy. The asset provides stable in-place income with a current rent roll of approximately $71K annually, while offering clear value-add potential through rent growth. Current average rents are below market at approximately $1,650 per unit, with comparable properties supporting higher rent rate per unit, creating a straightforward path to increase income and overall asset value. Operationally, the property benefits from favorable insurance costs (~$6K/year) and minimal near-term capital expenditure requirements, making it a low-risk, easy-to-manage investment. The combination of strong fundamentals, below-market rents, and a large land component positions this asset as an ideal opportunity for investors seeking stable cash flow with upside in a high-growth Central Florida market.

Amenities

  • Blinds
  • Cable - Available
  • City Limits
  • Other
  • Paved
  • Water Connected

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of JULIAN PROPERTIES, INC.

CASSELBERRY FL 32707 USA