$695,000 - 454 Lakeport Cove, CASSELBERRY
- 8
- Bedrooms
- 5
- Baths
- 4,040
- SQ. Feet
- 0.85
- Acres
Under contract-accepting backup offers. 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.
Essential Information
-
- MLS® #:
- O6393398
-
- Price:
- $695,000
-
- Bedrooms:
- 8
-
- Bathrooms:
- 5.00
-
- Square Footage:
- 4,040
-
- Acres:
- 0.85
-
- Year Built:
- 1948
-
- Type:
- Residential Income
-
- Sub-Type:
- Quadruplex
-
- Status:
- Pending
Community Information
-
- Address:
- 454 Lakeport Cove
-
- Area:
- Casselberry
-
- Subdivision:
- CENTRAL PARK ADD
-
- City:
- CASSELBERRY
-
- County:
- Seminole
-
- State:
- FL
-
- Zip Code:
- 32707-3038
Interior
-
- Interior Features:
- Other
-
- Heating:
- Central
-
- Cooling:
- Central Air
Exterior
-
- Exterior Features:
- None
-
- Lot Description:
- City Lot
-
- Roof:
- Shingle
-
- Foundation:
- Slab
School Information
-
- Elementary:
- Casselberry Elementary
-
- Middle:
- Milwee Middle
-
- High:
- Winter Springs High
Additional Information
-
- Days on Market:
- 62
-
- Zoning:
- R-9
Listing Details
- Listing Office:
- Julian Properties, Inc.