Banke Ayanleke
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 Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.85 Acres
Roof Type: Shingle
Taxes: $9,906
Year Built: 1948
Square Feet: 4,040
Amenities
Other
None
Feature Descriptions
Annual Net Income: 46092.00
Days on Site: 102
Directions: Seminole Blvd to Lakeport Cove.
Exterior: Block
Flood Zone Code: AE*
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: City Limits, Paved
Lot Dimensions: 0.85
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer, Other
Showing Instructions: Appointment Only, ShowingTime
Special Sale Provisions: None
Utilities: Cable Available, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R-9
Local Schools
High School: Winter Springs High
Middle School: Milwee Middle
Elementary School: Casselberry Elementary
Listed By / Shown By
Listed By
Agency Name: JULIAN PROPERTIES, INC.
Agency Contact: 407-291-4900
Shown By
Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 4,531.54 per month $3,503.34 Principal & Interest $825.50 Property Tax $202.71 Homeowner's InsuranceChange Payment Information
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454 Lakeport Cove | MLS# O6393398
This multi-family property located at 454 Lakeport Cove, Casselberry, FL 32707 is currently listed for sale with an asking price of $695,000. Search Casselberry real estate on www.bankeayanleke.com today.