332 OLEANDER WAY, CASSELBERRY, FL, 32707
$495,000
Residential Income
Living Area
1,560 Sqft
Lot Size
18,253 Sqft
Ask about our Concessions! Incredible turnkey income property with industrial zoning and massive income potential! This fully renovated duplex offers two spacious 2-bedroom, 1-bath units, each with private entrances, separate utilities, and brand-new upgrades throughout — plus bonus income from backyard lot leases (rented separately). Perfect for investors, house hackers, or small business owners needing vehicle or equipment storage. Recent Renovations Include: New Roof 2022, General Electrical renovation 2025 (under warranty), and AC 2025 (under warranty), and 2025 general kitchen and bath remodel. Brand-new electrical system including full rewiring, upgraded gang meter can, outlets, and modern light fixtures (under warranty). New plumbing, stylish plumbing fixtures, and updated kitchens and bathrooms. All new stainless-steel appliances in both units. New tile bathroom renovation and tile flooring throughout for durability and low maintenance. Two new HVAC units, one for each unit (under warranty). All new light fixtures, new plumbing fixtures, and fresh interior and exterior paint for a clean, modern look. Property Layout: Unit 332: 2 Bed / 1 Bath, private carport, washer/dryer, storage room. Unit 334: 2 Bed / 1 Bath, private one-car garage, new washer/dryer, storage room. Each unit includes kitchen islands, three closets in each bedroom, and large living spaces (units have mirrored layout). Front covered patios and assigned parking for each unit with separate driveways. Lot Features: Zoned INDUSTRIAL (IND) but grandfathered as residential for a hybrid use — ideal for small business operations, commercial parking, trailers, and more. 0.42-acre lot with additional RV/boat parking income potential. Backyard currently being leased to an RV tenant at $525/month with additional yard space projected to lease at $300/month. Current Income (Fully Rented) month to month: Unit 334: $1,775/month Unit 332: $1,660/month RV Lot Lease: $525/month Additional Yard Lease: $300/month (projected for parked RV) Future studio rental: $1,000/month Total Monthly Income Potential: $5,260/month Additional Features: Separate Duke Energy meters and water meters for each unit. New washer/dryer sets included. Concrete block construction. Generous front yard, side yards, and backyard space. Easy access to Target, Home Depot, restaurants, 17-92, bus lines, and the train station. Whether you're an investor looking for a high-performing rental or an owner-occupant seeking flexibility, this duplex checks every box — including future development or zoning potential. Schedule your private showing today and request a full breakdown of current rental agreements, zoning documentation, and estimated ROI. All information provided is deemed reliable but is not guaranteed and should be independently verified by buyers and their agents. Seller and listing agent make no representations or warranties regarding the accuracy of square footage, zoning, permitted use, property condition, or financials. Buyers are advised to conduct their own due diligence during the inspection period to verify all facts that are material to their decision to purchase.
Property Details
Property Features Property Features
MLS ID: MFRO6305911 Year Built: 1964
Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer Community Features: Street Lights
Construction Materials: Block, Concrete Cooling: Central Air
Country: US County Or Parish: Seminole
Exterior Features: Outbuildings, Fence, Other, Storage Financial Data Source: Owner
Flooring: Ceramic Tile Foundation Details: Block, Slab
Heating: Central Laundry Features: In Garage, Laundry Room
Levels: One Listing Agreement: Exclusive Agency
Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan Other Structures: Other, Storage, Workshop
Parking Features: Assigned, Boat, Covered, Curb Parking, Driveway, Ground Level, Guest, Off Street, On Street, Open, Oversized, RV Carport, RV Access/Parking, Basement, Workshop in Garage Patio And Porch Features: Front Porch, Patio, Porch, Rear Porch
Pets Allowed: Cats OK, Dogs OK, Yes Property Sub Type: Duplex
Property Type: Residential Income Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt Roof: Shingle
Security Features: Security Lights Sewer: Public Sewer
Showing Requirements: Lock Box Coded Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Trash Collection, Water Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Other, Public, Sewer Available, Sewer Connected, Underground Utilities, Water - Multiple Meters, Water Available, Water Connected
View: Trees/Woods Water Source: Public
Window Features: Aluminum Frames, Shades, Shutters
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