454 LAKEPORT CV, CASSELBERRY, FL, 32707
$695,000
Residential Income
|
Bedrooms
8
|
Bathrooms
5
|
Living Area
4,040 Sqft
|
Lot Size
36,935 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6393398 | Year Built: | 1948 | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Seminole | |
| Exterior Features: | None | Financial Data Source: | Owner | |
| Foundation Details: | Slab | Heating: | Central | |
| Laundry Features: | Inside | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Lot Features: | City Limits, Paved | |
| Occupant Type: | Tenant | Other Equipment: | None | |
| Possession: | Close Of Escrow | Property Sub Type: | Quadruplex | |
| Property Type: | Residential Income | Road Surface Type: | Paved | |
| Roof: | Shingle | Sewer: | Public Sewer, Other | |
| Showing Requirements: | Appointment Only, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Available, Water Connected | Water Source: | Public | |
| Window Features: | Blinds | |||
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