Under contract

454 LAKEPORT Cv, Casselberry, FL 32707

Beds
8
Baths
5
Sqft
4,040

View property features, location on map, relevant school information and overview from seller's agent.

Listed byJULIAN PROPERTIES, INC.
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Overview

Under contract-accepting backup offers. 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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
8
Number of bathrooms
5
Square feet
4,040
Lot size (acres)
0.85
Year built
1948

Interior features

Laundry
Inside

Exterior features

Horse amenities
Stable

Utilities

Heating
Central
Cooling
Central Air
Sewer
Other, Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$9,906.93

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Stellar MLS MLS®#: O6393398 Last checked:

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