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.
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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
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: …
