1000 E CAROLINE ST, TAVARES, FL, 32778
$3,600,000
Residential Income
Bedrooms
40
Bathrooms
40
Living Area
35,262 Sqft
Lot Size
155,004 Sqft
Exceptional opportunity to acquire Caroline Court, a 40-unit multifamily community in the heart of Tavares, offering immediate scale, stable occupancy, and the security of HUD-backed rental income. Situated on approximately 3.56 acres, this well-established apartment community consists of 8 residential buildings totaling approximately 32,000 square feet, with a desirable mix of 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Built in 1979, the property has maintained strong performance with historically high occupancy and minimal vacancy, supported by consistent demand for affordable housing in the Tavares market. A major investment advantage is that the majority of rental income is HUD-supported, creating dependable cash flow and reducing collection volatility. The property also offers attractive resident amenities including on-site laundry facilities, maintenance area, and ample parking, further strengthening long-term tenant retention. Located near Downtown Tavares, the Seaplane City corridor, and major Lake County commuter routes, this asset is positioned within one of Central Florida’s steadily growing workforce housing markets. Whether acquired as a standalone stabilized HUD asset or as part of a larger workforce housing strategy, this property offers a compelling combination of cash flow stability, scale, and long-term upside.This is a 40-unit asset and can also be sold as part of a larger 112-unit portfolio. Contact me directly for full portfolio details, pricing, and package information.
Property Details
Property Features Property Features
MLS ID: MFRO6396568 Year Built: 1979
Construction Materials: Other Cooling: Other
Country: US County Or Parish: Lake
Exterior Features: Other Foundation Details: Other
Heating: Other Laundry Features: Other
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Owner Financing
Property Condition: Completed Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Other
Roof: Other Sewer: Other
Showing Requirements: Do Not Contact Tenants, Go Direct, No Lockbox, See Remarks Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Other Water Source: Public
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