OAKLAND, FL 34787 15992 W COLONIAL DRIVE
$3,200,000



5 more





Presented By: REMAX SUNSTATE REALTY with 416-450-7436. - 863-420-5851
Home Details
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)
Presented By: REMAX SUNSTATE REALTY with 416-450-7436. - 863-420-5851
Interior Features for 15992 W COLONIAL DRIVE
Bedrooms
Total Bedrooms41
Bathrooms
Total Baths75
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesOther
Laundry FeaturesOther
General for 15992 W COLONIAL DRIVE
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Y/NNo
CityOAKLAND
Construction MaterialsOther
CoolingOther, Wall/Window Unit(s)
CountyOrange
Directionsoff i4 head west on Colonial drive will be on your left
Flood Zone CodeAE*
Garage Y/NNo
Gross Income115200
HeatingOther
Land Lease Y/NNo
Legal DescriptionN 387 FT OF W 300 FT OF NW1/4 OF NW1/4 (LESS N 75 FT IN STATE RD) OF SEC 28-22-27
LevelsOne
Listing TermsCash, Conventional, Owner May Carry
Living Area UnitsSquare Feet
Lot Size Square Feet93655
Lot Size UnitsAcres
MLS Area34787 - Winter Garden/Oakland
New ConstructionNo
Number Of Units Total32
Occupancy TypeTenant
Ok to Lease>6 Months <12
OwnershipFee Simple
Property ConditionFixer
Property SubtypeDuplex
Property TypeResidential Income
RoofOther, Shingle
Senior Community Y/NNo
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameLAKE JOHNS MOTEL APTS. & TR. PK
Tax Annual Amount29405.02
Tax Lot3
Tax Year2025
Tenant PaysElectricity, Gas, Water
Total Actual Rent23575
UtilitiesOther
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1951
ZoningC-1
Exterior for 15992 W COLONIAL DRIVE
Building Area Total17021
Exterior AmenitiesOther, Private Mailbox
Foundation DetailsCrawlspace, Other
Lot Size Acres2.15
Lot Size Area2.15
Number of Buildings32
Private PoolNo
Road Surface TypeOther
Water SourceWell
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Carlos Patricio Veiga
Realtor® ABR®
SQFT • 17,021