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15992 W COLONIAL DRIVE

Multi-family For Sale
$3,200,000

BTC: 50.00000000

ETH: 2,006.65960155

105 days
41 bds
17,021 sqft

Overview

15992 W Colonial Dr, Oakland, FL – 32-Unit Income Producing Multifamily Opportunity Exceptional opportunity to acquire a 32-unit income-producing asset in the heart of West Orange County, ideally positioned along the high-visibility W Colonial Dr / SR-50 corridor in the Town of Oakland. Situated on approximately 2.15 acres, this unique property offers a diverse mix of duplex-style residences, mobile home/RV units, and additional rental pads, creating multiple income streams and long-term upside. Currently generating $34,860 per month in gross rental income the property delivers immediate cash flow while offering significant future value-add and redevelopment potential. Located just minutes from the Florida Turnpike interchange, Downtown Winter Garden, Clermont, and the greater Orlando employment hubs, this site sits directly in the path of West Orange’s continued expansion. The C-1 zoning and strategic frontage on SR-50 make this an especially compelling opportunity for investors seeking stable income today with the flexibility for future repositioning. Whetherd workforce housing and RV income asset, repositioned into a boutique rental community, or held for future redevelopment, opportunities with this combination of location, scale, frontage, and in-place revenue are increasingly rare. (Seller is selling 112 units in total varying in diffrent locations this is 32 of those 112)

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1951
Lot:
2.15 Acres
Heating:
Other
Price/sqft:
$188
Cooling:
Other / Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$29,405
2025
All facts and features
  • Heating

    • Other

    Cooling

    • Other

    • Wall/Window Unit(s)

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 41

  • Property

    • Levels: One

    • Exterior Features: Other / Private Mailbox

    Lot

    • Lot: 2.15 Acres

    Other Property Information

    • Parcel Number: 282227000000003

    • Zoning: C-1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Other

  • Other financial information

    • Annual tax amount: $29,405

  • Source details

    • MLS ID: O6395167

    Other facts

    • Construction Materials: Other

    • Foundation Details: Crawlspace / Other

    • Laundry Features: Other

    • Living Area: 17021

    • Water Source: Well

    • Subdivision Name: LAKE JOHNS MOTEL APTS. & TR. PK

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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: REMAX SUNSTATE REALTY