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40 Beds ⋅ 40 Baths ⋅ Tavares St Clair Abrams Ext SubDv. ⋅ 32778 Zip Code

Under contract-accepting backup offers. Exceptional opportunity to acquire Caroline Court, a 40-unit multifamily community in the heart of Tavares, offering immediate scale, stable occupancy, and the security of HUD-backed rental income. Situated on approximately 3.56 acres, this well-established apartment community consists of 8 residential buildings totaling approximately 32,000 square feet, with a desirable mix of 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Built in 1979, the property has maintained strong performance with historically high occupancy and minimal vacancy, supported by consistent demand for affordable housing in the Tavares market. A major investment advantage is that the majority of rental income is HUD-supported, creating dependable cash flow and reducing collection volatility. The property also offers attractive resident amenities including on-site laundry facilities, maintenance area, and ample parking, further strengthening long-term tenant retention. Located near Downtown Tavares, the Seaplane City corridor, and major Lake County commuter routes, this asset is positioned within one of Central Florida’s steadily growing workforce housing markets. Whether acquired as a standalone stabilized HUD asset or as part of a larger workforce housing strategy, this property offers a compelling combination of cash flow stability, scale, and long-term upside.This is a 40-unit asset and can also be sold as part of a larger 112-unit portfolio. Contact me directly for full portfolio details, pricing, and package information.

1000 E Caroline Street, Tavares

$369,000

5 Beds ⋅ 3 Baths ⋅ Tavares Nutts Sub SubDv. ⋅ 32778 Zip Code

Price Improvement – Prime Investment Opportunity in Tavares! Unit 708: Recently updated, with fresh paint and fixtures. Don’t miss this exceptional income-producing triplex located at 708 North St. Clair Abrams Ave — a rare opportunity to own a multi-unit property in a growing area with strong rental demand and excellent upside potential. This well-maintained property features three separate units, including two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each with private entrances for added tenant privacy and convenience. Recent updates include updated electrical systems and a new hot water heaters in all 3 units; giving investors added peace of mind and reducing future maintenance concerns. All units are currently leased on a month-to-month basis, offering flexibility for a new owner to increase rents to market value, implement improvements, or occupy a unit if desired. Unit Breakdown Unit A (708): 2 Bed / 1 Bath – Vacant Unit B (710): 2 Bed / 1 Bath – Currently $750/month – Month-to-Month Unit C (712): 1 Bed / 1 Bath – Currently $550/month – Month-to-Month Estimated market rents projected at $900–$1,200 per unit, creating substantial income growth potential. Current Annual Rental Income $24,600 annually Property Features & Expenses Utilities Included: Water & Trash ($220 average monthly) Property Taxes: $4,093.51 Insurance: $3,413/year Pest Control: $135/month + $95/quarter Additional Features Front & rear parking available Laundry: Unit A inside | Unit B in shed | Unit C N/A Units A & C feature fenced yards with patios Separate private entrances for all units Whether you’re expanding your investment portfolio or searching for your next value-add opportunity, this triplex offers immediate cash flow with long-term appreciation and rental upside. Conveniently located near shopping, dining, and major roadways, this property continues to be highly attractive for tenants and future leasing opportunities. Excellent opportunity for investors looking to maximize returns in a rapidly growing Central Florida market!

708 N Saint Clair Abrams Avenue, Tavares

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