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$3,200,000
Active
15992 W COLONIAL DRIVE
OAKLAND, FL 34787 — LAKE JOHNS MOTEL APTS. & TR. PK
41 Beds
75 Baths
17,021 sqft
2.15 acres
Built 1951
About This Property
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)
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)
Property Details
Basics
- Property Type
- Residential Income
- Property Subtype
- Duplex
- MLS Number
- O6395167
- Year Built
- 1951
- Levels
- One
- Occupant Type
- Tenant
Size & Structure
- Living Area
- 17,021 sqft
- Total Area
- 17,021 sqft
- Lot Size
- 2.15 acres
- Lot Sq Ft
- 93,655 sqft
- Bedrooms
- 41
Interior
- Interior Features
- Other
- Laundry
- Other
- A/C
- Other, Wall/Window Unit(s)
- Heating
- Other
Exterior & Lot
- Exterior Features
- Other, Private Mailbox
- Construction
- Other
- Roof
- Other, Shingle
- Foundation
- Crawlspace, Other
Water & Pool
Community & HOA
- HOA
- No
Utilities & Systems
- Water
- Well
- Sewer
- Septic Tank
- Utilities
- Other
- Cooling
- Other, Wall/Window Unit(s)
- Heating
- Other
- Flood Zone
- AE*
Financial
- List Price
- $3,200,000
- Annual Taxes
- $29,405
- Tax Year
- 2025
- Listing Terms
- Cash, Conventional, Owner Financing
- Special Conditions
- None