15992 W Colonial Drive, Oakland, FL 34787

$3,200,000
41
BD
75
BA
17,021
SqFt

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List Price
$3,200,000
Status
Active
Days on Market
118
MLS#
O6395167
Property Style
Duplex
Year Built
1951
Bedrooms
41
Bathrooms
75
Living Area
17,021
Lot Size
93,655
Acres
2.15
Total Acreage
2 to less than 5
Legal Subdivision Name
Lake Johns Motel Apts. & Tr. Pk
MLS Area Major
Winter Garden/Oakland

Property Description

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)

Additional Information

Taxes
$29405
Annual Gross Income
115200
Community Features
No Deed Restriction
Property Description
One Story
Zoning
C-1
Interior Layout
Other
Interior Features
Other
Utilities
Other
Heating
Other
Air Conditioning
Other, Wall/Window Unit(s)
Exterior Construction
Other
Exterior Features
Other, Private Mailbox
Roof
Other, Shingle
Foundation
Crawlspace, Other
Pool
No Pool
Flood Zone Code
AE*
Parcel ID
28-22-27-0000-00-003
Legal Description
N 387 FT OF W 300 FT OF NW1/4 OF NW1/4 (LESS N 75 FT IN STATE RD) OF SEC 28-22-27

Listing courtesy of REMAX SUNSTATE REALTY. 863-420-5851

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