Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1948
Sq.Footage
4,040
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 & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Paved
-
Lot Size(acres)
0.85
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$695,000
-
Tax Amount
$9,906.93
-
Sq. Footage
4, 040
-
Price/SqFt
$172
HOA
-
Association
No
School District
-
Elementary School
Casselberry Elementary
-
Middle School
Milwee Middle
-
High School
Winter Springs High
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer, Other
-
Tax Lot
1
-
Water Source
Public
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Location
County
Seminole
Elementary School
Casselberry Elementary
Middle School
Milwee Middle
High School
Winter Springs High
Listing Courtesy of Bo Julian , JULIAN PROPERTIES, INC.
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