About 454 Lakeport Cove
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.
Features of 454 Lakeport Cove
| MLS® # | O6393398 |
|---|---|
| Price | $695,000 |
| Bedrooms | 8 |
| Bathrooms | 5.00 |
| Square Footage | 4,040 |
| Acres | 0.85 |
| Year Built | 1948 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Listing Details
| Office | JULIAN PROPERTIES, INC. |
|---|
Listing Map
Neighborhood Information for 454 Lakeport Cove
Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Northland Early Learning Center Private - Preschool to Kindergarten - Closest Elementry School |
0 Miles | |
|
Milwee Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Lyman High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Revival Fire Christian Academy Private - Kindergarten to 12Th Grade |
1 Miles | |
|
|
Longwood Christian Academy & Preschool Private - Preschool to 5Th Grade |
1 Miles | |
|
|
South Seminole Middle School Public - 6Th Grade to 8Th Grade |
2 Miles | |
|
|
Winter Springs Elementary School Public - Preschool to 5Th Grade |
2 Miles |
School data provided by GreatSchools