1404 CARLISLE DR Casselberry, FL 32707

Ideally located between Winter Park Rd and Tuskawilla Blvd. is an amazing opportunity to own five manufactured homes on four parcels in desirable Casselberry. Currently, each unit is tenant-occupied on month-to-month leases, with each unit bringing in around $800 a month. The properties have been self-managed with long-term tenants. With some light updating, there is room to increase rents to $950-$1000 a month, making the pro forma a massive 10%+ return. Finding a near-turnkey rental opportunity in Casselberry right now is practically impossible.

This investment works great as either a flip or a rental. There's also the possibility of replacing the mobiles with larger models or building small single-family homes as the zoning appears to allow both mobile homes or site-built homes. Two of the lots back up to a small pond and are .13 acres & .17 acres. The other two parcels are .23 acres & .15 acres. New construction homes are being built on .14 acres and larger. on Newer model, manufactured homes are selling in the 150k-200k range, and new single-family homes are selling quickly at 275k plus.

You won't find an opportunity like this anywhere else.