Tommaso The Realtor
BEDS41
BATHS
SQUARE FEET17,021
MLS#O6395167
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLAKE JOHNS MOTEL
Property Description
15992 W Colonial Dr, Oakland, FL - 32-Unit Income Producing Multifamily OpportunityExceptional 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)
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other, Wall/Window Unit(s)
Heating: Other
Lot Size: 2.15 Acres
Roof Type: Other, Shingle
Stories: 1.0
Taxes: $29,405
Year Built: 1951
Amenities
Other
Other
Private Mailbox
Feature Descriptions
Annual Net Income: 14105.00
Days on Site: 1
Directions: off i4 head west on Colonial drive will be on your left
Flood Zone Code: AE*
Foundation: Crawlspace, Other
Home Warranty Y/N: No
Lease Terms: 6-12 Month
Listing Terms: Cash, Conventional, Owner Financing
Lot Dimensions: 2.15
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Septic Tank
Showing Instructions: Go Direct, Other, See Remarks
Special Sale Provisions: None
Units: 32
Utilities: Other
Water: Well
Water Access Y/N: No
Zoning: C-1
Listed By / Shown By
Listed By
Agency Name: REMAX SUNSTATE REALTY
Agency Contact: 863-420-5851
Shown By
Agent Name: Tommaso The Realtor
Agent Phone: (201) 889-4310 Cell
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 10,505.56 per month $7,121.81 Principal & Interest $2,450.42 Property Tax $933.33 Homeowner's InsuranceChange Payment Information
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15992 W Colonial Drive | MLS# O6395167
This multi-family property located at 15992 W Colonial Drive , Oakland, FL 34787 is currently listed for sale with an asking price of $3,200,000. Search Oakland real estate on www.tampashomesource.com today.