454 Lakeport Cove, Casselberry, FL 32707
Photo 1 of 71
$695,000
Beds Baths Sq. Ft. Taxes Built
8 0.00 4,040 $9,906.93 1948
On the market: 15 days

Est. Monthly Payment:

$4,987($4,161 + $826 taxes*)

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APPROVED
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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.
Listing courtesy of Bo Julian & Lauren Foley, JULIAN PROPERTIES, INC. & JULIAN PROPERTIES, INC.