1404 CARLISLE DRIVE

Ideally located between Winter Park Rd and Tuskawilla Blvd. is an amazing opportunity to own 5 manufactured homes on 4 parcels in desirable Casselberry. Currently, each unit is tenant-occupied on month-to-month leases, with each unit bringing in around $800 a month. The properties have been self-managed with long-term tenants. With some light updating, there is room to increase rents to $950-$1000 a month, making the pro forma a massive 10%+ return. Finding a near-turnkey rental opportunity in Casselberry right now is practically impossible. This investment works great as either a flip or a rental. There's also the possibility of replacing the mobiles with larger models or building small single-family homes as the zoning appears to allow both mobile homes or site-built homes. Two of the lots back up to a small pond and are .13 acres & .17 acres. The other two parcels are .23 acres & .15 acres. New construction homes are being built on .14 acres and larger. on Newer model, manufactured homes are selling in the 150k-200k range, and new single-family homes are selling quickly at 275k plus. You won't find an opportunity like this anywhere else.