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  • MLS#: O6393398 ( Residential Income )
  • Street Address: 454 Lakeport Cove
  • Viewed: 1
  • Price: $695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 5
  • Additional Information
  • Geolocation: 28.6813 / -81.3325
  • County: SEMINOLE
  • City: CASSELBERRY
  • Zipcode: 32707
  • Subdivision: Central Park Add
  • Elementary School: Casselberry
  • Middle School: Milwee
  • High School: Winter Springs
  • 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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. None
Garage Spaces
  1. 0.00
Heating
  1. Central
High School
  1. Winter Springs High
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. PT OF LOT 1 DESC AS BEG NW COR OF S 100 FT OF N 200 FT RUN E 377.55 FT S 100 FT W TO W LI OF LOT 1 NWLY ON W LI TO BEG (LESS BEG 208.35 FT E OF NW COR RUN S 8.94 FT E 33 FT N 8.94 FT W 33 FT TO BEG) ADD TO CENTRAL PARK PB 7 PG 9
Living Area
  1. 4040.00
Lot Features
  1. City Limits
  2. Paved
Middle School
  1. Milwee Middle
Area Major
  1. 32707 - Casselberry
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 08-21-30-501-0000-001A
Possession
  1. Close Of Escrow
Property Type
  1. Residential Income
Roof
  1. Shingle
School Elementary
  1. Casselberry Elementary
Sewer
  1. Public Sewer
  2. Other
Tax Year
  1. 2024
Township
  1. 21
Utilities
  1. Cable Available
  2. Water Connected
Virtual Tour Url
  1. https://luxuryexposures.com/454-Lakeport-Cove/idx
Water Source
  1. Public
Year Built
  1. 1948
Zoning Code
  1. R-1A