8 Beds
5 Baths
4,040 SqFt
8 Beds
5 Baths
4,040 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,040 sqft
Price per Sqft $172
Subdivision Central Park Add
MLS Listing ID O6393398
Bedrooms 8
HOA Y/N No
Year Built 1948
Annual Tax Amount $9,906
Lot Size 0.850 Acres
Acres 0.85
Lot Dimensions 100x378
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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
State FL
County Seminole
Community Central Park Add
Area 32707 - Casselberry
Zoning R-1A
Interior
Interior Features Other
Heating Central
Cooling Central Air
Fireplace false
Laundry Inside
Exterior
Exterior Feature None
Utilities Available Cable Available, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Paved
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer, Other
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Casselberry Elementary
Middle Schools Milwee Middle
High Schools Winter Springs High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://luxuryexposures.com/454-Lakeport-Cove/idx
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "