15992 W COLONIAL DR, Oakland, FL 34787
15992 W COLONIAL DR, Oakland, FL 34787
15992 W COLONIAL DR, Oakland, FL 34787
15992 W COLONIAL DR, Oakland, FL 34787
15992 W COLONIAL DR, Oakland, FL 34787
15992 W COLONIAL DR, Oakland, FL 34787
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$ 3,200,000
Est. payment | /mo

41 Beds

75 Baths

17,021 SqFt


$ 3,200,000
Est. payment | /mo

41 Beds

75 Baths

17,021 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 17,021 sqft

Price per Sqft $188

Subdivision Lake Johns Motel Apts. & Tr. Pk

MLS Listing ID O6395167

Bedrooms 41

Construction Status Fixer

HOA Y/N No

Year Built 1951

Annual Tax Amount $29,405

Lot Size 2.150 Acres

Acres 2.15

Property Sub-Type Duplex

Source Stellar MLS

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)

Location

State FL

County Orange

Community Lake Johns Motel Apts. & Tr. Pk

Area 34787 - Winter Garden/Oakland

Zoning C-1

Interior

Interior Features Other

Heating Other

Cooling Other, Wall/Window Unit(s)

Fireplace false

Laundry Other

Exterior

Exterior Feature Other, Private Mailbox

Utilities Available Other

Roof Type Other,Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace, Other

Lot Size Range 2 to less than 5

Sewer Septic Tank

Water Well

Structure Type Other

New Construction false

Construction Status Fixer

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6395167

Stellar MLS
Listed by Kyler Moreland REMAX SUNSTATE REALTY

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Monica Balceda

Realtor

+1(240) 564-8526 | monicabalceda23@gmail.com

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15992 W COLONIAL DR