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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: None
Living Area: 4040.00
Roof: Shingle
Land Information
Lot Features: City Limits, Paved
School Information
High School: Winter Springs High
Middle School: Milwee Middle
School Elementary: Casselberry Elementary
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Sewer: Public Sewer, Other
Utilities: Cable Available, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Interior Features: Other
Legal Description: PT OF LOT 1 DESC AS BEG NW COR OF S 100 FT OF N 200 FT RUN E 377.55 FT S 100 FT W TO W LI OF LOT 1 NWLY ON W LI TO BEG (LESS BEG 208.35 FT E OF NW COR RUN S 8.94 FT E 33 FT N 8.94 FT W 33 FT TO BEG) ADD TO CENTRAL PARK PB 7 PG 9
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