454 Lakeport Cv, Casselberry, Florida 32707

  • $695,000

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.

Details

  • Property ID O6393398
  • Price $695,000
  • Land Area 0.85 Acres
  • Bedrooms 8
  • Bathrooms 5
  • Year Built 1948
  • Property Type Quadruplex, Residential Income
  • Property Status Hold

Additional details

  • Listing Terms Cash, Conventional
  • Roof Shingle
  • Utilities Cable Available, Water Connected
  • Sewer Public Sewer, Other
  • Cooling Central Air
  • Heating Central
  • County Seminole
  • Property Type Residential Income
  • Elementary School Casselberry Elementary
  • Middle School Milwee Middle
  • High School Winter Springs High
  • Address: 454 LAKEPORT COVE
  • City: Casselberry
  • State/county: FL
  • Zip/Postal Code: 32707
  • Country: US

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