454 Lakeport Cove , Casselberry, FL 32707

$695,000
  • 454 Lakeport Cove , Casselberry, FL 32707 Main Photo

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New to the Market Active
BEDS8 BATHS SQUARE FEET4,040 MLS#O6393398
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCENTRAL PARK

Property 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.

454 Lakeport Cove | MLS# O6393398

This multi-family property located at 454 Lakeport Cove , Casselberry, FL 32707 is currently listed for sale with an asking price of $695,000. Search Casselberry real estate on athomas.floridaexecutiverealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.85 Acres
Roof Type: Shingle
Taxes: $9,906
Year Built: 1948

Amenities

Other
None

Feature Descriptions

Annual Net Income: 46092.00
Directions: Seminole Blvd to Lakeport Cove.
Exterior: Block
Flood Zone Code: AE*
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: City Limits, Paved
Lot Dimensions: 0.85
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer, Other
Showing Instructions: Appointment Only, ShowingTime
Special Sale Provisions: None
Utilities: Cable Available, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R-1A

Local Schools

High School: Winter Springs High
Middle School: Milwee Middle
Elementary School: Casselberry Elementary

Listed By / Shown By

Listed By

Agency Name: JULIAN PROPERTIES, INC.
Agency Contact: 407-291-4900

Shown By

Agent Name: Angela Thomas
Agent Phone: (813) 468-3724
Agency Title: Florida Executive Realty

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Estimated Payment

$ 2,574.98 per month $1,546.77 Principal & Interest $825.50 Property Tax $202.71 Homeowner's Insurance

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