454 Lakeport Cove, CASSELBERRY, FL 32707
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  • MLS#: O6393398 ( Residential Income )
  • Street Address: 454 Lakeport Cove
  • Viewed: 37
  • Price: $695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 5
  • Days On Market: 29
  • Additional Information
  • Geolocation: 28.6813 / -81.3325
  • County: SEMINOLE
  • City: CASSELBERRY
  • Zipcode: 32707
  • Subdivision: Central Park Add
  • Elementary School: Casselberry Elementary
  • Middle School: Milwee Middle
  • High School: Winter Springs High
  • Provided by: JULIAN PROPERTIES, INC.
  • Contact: Bo Julian
  • 407-291-4900
  • mfrmls
  • DMCA Notice
  • 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.
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