454 LAKEPORT COVE at

454 LAKEPORT COVE

For sale Days on market 50

$695,000

$172/sq ft

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Overview

Bedroom

Year Built

1948

Sqft

4040

Property Type

Quadruplex

Property Description

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.

Property Details

MLS#

O6393398

Address

454 LAKEPORT

City

CASSELBERRY

State/county

Zip/Postal Code

32707

Area

Central Park Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,906

Maint Fee

$--

Tax Year

2024

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