454 Lakeport Cove, Casselberry, FL 32707
Local realty services provided by:CENTURY 21 Myers Rose Realty
Listed by: bo julian
Office: julian properties, inc.
MLS#:O6393398
Source:MFRMLS
Price summary
- Price:$695,000
- Price per sq. ft.:$172.03
About this home
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....
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Home facts
- Year built:1948
- Subdivision & Development:CENTRAL PARK ADD
- Listing ID #:O6393398
- Added:166 day(s) ago
- Updated:September 13, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Living area:4,040 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1948
- Building area:4,040 sq. ft.
- Lot area:0.85 Acres
- Lot Features:Paved
- Construction Materials:Block
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Winter Springs High
- Middle school:Milwee Middle
- Elementary school:Casselberry Elementary
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$172.03
- Tax amount:$9,907 (2024)
Features and amenities
- Laundry features:Inside
- Amenities:Cable Available
- Pool features:Public Pool
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