UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,510 sqft
Price per Sqft $1,986
Subdivision Fern Park Estates
MLS Listing ID O6322976
Bedrooms 24
HOA Y/N No
Year Built 1959
Annual Tax Amount $17,203
Lot Size 1.600 Acres
Acres 1.6
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Exceptional investment opportunity featuring six mostly occupied duplexes, a versatile common area, and a spacious warehouse, all situated on a well-maintained parcel in a high-demand rental market. This turnkey multi-family asset offers 10 total rental units, each with private entrances, updated interiors, and separate utility meters—perfect for maximizing rental income and minimizing operational costs. There is also another 2 units under construction to be completed by buyer for a total of 12 units.
The common area provides added value for tenants, ideal for shared gatherings, recreational use, or future amenity development. The warehouse (currently vacant) presents multiple revenue possibilities, including storage rental, workshop space, or small business use.
Key Features:
6 Duplex Buildings (12 Units Total)
Separate meters & ample parking
Steady rental history with strong cash flow
Common Area for tenant enjoyment or value-add improvements
Warehouse with flexible use potential
Zoned for multi-family
Strong Cap Rate & Upside Potential
Whether you're a seasoned investor looking to expand your portfolio or seeking a residential asset, this property offers immediate income and long-term growth
Location
State FL
County Seminole
Community Fern Park Estates
Area 32707 - Casselberry
Zoning MULTI-FAM
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Tile
Fireplace false
Appliance Dishwasher, Disposal, Range, Range Hood, Refrigerator
Laundry Laundry Room, Outside
Exterior
Exterior Feature Dog Run, Sidewalk
Community Features Street Lights
Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Altamonte Elementary
Middle Schools Milwee Middle
High Schools Lyman High
Others
Pets Allowed Breed Restrictions, Cats OK, Dogs OK, Size Limit
Senior Community No
Pet Size Large (61-100 Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6322976
