About 15992 W Colonial Drive
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)
Features of 15992 W Colonial Drive
| MLS® # | O6395167 |
|---|---|
| Price | $3,200,000 |
| Bedrooms | 41 |
| Bathrooms | 75.00 |
| Square Footage | 17,021 |
| Acres | 2.15 |
| Year Built | 1951 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | REMAX SUNSTATE REALTY |
|---|
Listing Map
Neighborhood Information for 15992 W Colonial Drive
Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Oakland Avenue Charter School Public - Kindergarten to 5Th Grade |
0 Miles | |
|
Tildenville Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Sunridge Middle Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
Lakeview Middle School Public - 6Th Grade to 8Th Grade |
2 Miles | |
|
|
Sunridge Elementary School Public - Preschool to 5Th Grade |
2 Miles | |
|
Starchild Academy Winter Garden Private - Preschool to 5Th Grade |
2 Miles | |
|
|
Ucp West Orange Charter Public - Preschool to 5Th Grade |
2 Miles |
School data provided by GreatSchools