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1000 E Caroline Street, Tavares, FL 32778

Tavares
Local realty services provided by:CENTURY 21 North East
1000 E Caroline Street,Tavares, FL 32778
$3,600,000
  • 40 Beds
  • 40 Baths
  • 35,262 sq. ft.
  • Multi-family
  • Pending
Listed by: kyler moreland
Office: remax sunstate realty
MLS#:O6396568
Source:MFRMLS

Price summary

  • Price:$3,600,000
  • Price per sq. ft.:$102.09

About this home

Exceptional opportunity to acquire Caroline Court, a 40-unit multifamily community in the heart of Tavares, offering immediate scale, stable occupancy, and the security of HUD-backed rental income. Situated on approximately 3.56 acres, this well-established apartment community consists of 8 residential buildings totaling approximately 32,000 square feet, with a desirable mix of 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Built in 1979, the property has maintained strong performance with historically high occupancy and minimal vacancy, supported by consistent demand for affordable housing in the Tavares market. A major investment advantage is that the majority of rental income is HUD-supported, creating dependable cash flow and reducing collection volatility. The property also offers attractive resident amenities including on-site laundry facilities, maintenance area, and ample parking, further strengthening long-term tenant retention. Located near Downtown Tavares, the Seaplane...

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Home facts

  • Year built:1979
  • Listing ID #:O6396568
  • Added:65 day(s) ago
  • Updated:June 11, 2026 at 08:03 AM

Rooms and interior

  • Bedrooms:40
  • Total bathrooms:40
  • Living area:35,262 sq. ft.

Structure and exterior

  • Year built:1979
  • Building area:35,262 sq. ft.
  • Lot area:3.56 Acres
  • Levels:1 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$3,600,000
  • Price per sq. ft.:$102.09
  • Tax amount:$35,112 (2025)

Features and amenities

  • Pool features:Public Pool
MLS LogoThe information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. CENTURY 21 North East is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 North East, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Stellar Mls. All rights reserved. MFRMLS Member Broker: Jim D’Amico

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