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Wade M. Berlin

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454 Lakeport Cove
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PRICED AT ONLY: $695,000

Address: 454 Lakeport Cove, CASSELBERRY, FL 32707

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.
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  •   Property Tax $
  •   Home Insurance $
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  • MLS#: O6393398 ( Residential Income )
  • Street Address: 454 Lakeport Cove
  • Viewed: 4
  • Price: $695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 5
Request More Information
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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
  • Area Major: 32707 - Casselberry
  • Occupant Type: Tenant
  • Parcel Number: 08-21-30-501-0000-001A
  • Possession: Close Of Escrow
  • Zoning Code: R-1A

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin