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.
| 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.
Virtual Tour: https://luxuryexposures.com/454-Lakeport-Cove/idx
Amenities
- Blinds
- Cable - Available
- City Limits
- Other
- Paved
- Water Connected
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of JULIAN PROPERTIES, INC. | |