Location: Central Park Add, Casselberry
Do Not Show Listings
454 LAKEPORT CV, CASSELBERRY, FL 32707
$695,00016 Days on yellowkey MLS ID: O6393398
Bed: 8 Bath: 0.0 Liv Area Sq Ft: 4040 Built: 1948 Tax: $9,907 (2024)Community: Central Park AddApartment
Market Analysis: For SaleFor RentSoldRented
Nearby Properties: For SaleFor RentSoldRented
Taxes:$9,907
Elementary School: Casselberry Elementary
High School: Winter Springs High
Tax Year: 2024
Middle School: Milwee Middle
Remarks: 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 is courtesy of: JULIAN PROPERTIES, INC. (407-291-4900)
Listing Agent: Bo Julian (407-694-5843)
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