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454 LAKEPORT COVE

Multi-family Active With Contract
$695,000

BTC: 8.81867895

ETH: 283.78930176

50 days
8 bds
4,040 sqft

Overview

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.

Location

Florida • CASSELBERRY • 32707 • Multi-family • Active With Contract

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1948
Lot:
0.85 Acres
Heating:
Central
Price/sqft:
$172
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$9,906
2024
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Exterior Features: None

    Lot

    • Lot: 0.85 Acres

    Other Property Information

    • Parcel Number: 0821305010000001A

    • Zoning: R-9

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $9,907

  • Source details

    • MLS ID: O6393398

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Lot Features: City Lot

    • Window Features: Blinds

    • Living Area: 4040

    • Water Source: Public

    • Lot Size Dimensions: 100 x 378

    • Subdivision Name: CENTRAL PARK ADD

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32707
111
median $324K
Active
Same city
CASSELBERRY
114
median $304K
Active
Same type
Multi-family
—
Active
Similar price
$486K – $903K
17
median $600K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: JULIAN PROPERTIES, INC.