$3,600,000
Off-Market Date: 05/08/20261000 E Caroline Street Tavares, FL 32778
Pending MLS# O6396568
40 beds 40 baths 35,262 sq ft Multi-family
Details for 1000 E Caroline Street
MLS# O6396568
Description for 1000 E Caroline Street, Tavares, FL, 32778
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.
Listing Information
Property Type: Residential, Quadruplex
Status: Pending
Bedrooms: 40
Bathrooms: 40
Lot Size: 3.56 Acres
Square Feet: 35,262 sq ft
Year Built: 1979
Construction: Other
Construction Display: New Construction
Subdivision: Tavares St Clair Abrams Ext
Foundation: Other
County: Lake
Construction Status: New Construction
Additonal Room Information
Laundry: Other
Interior Features
Additional Interior Features: Other
Utilities
Water: Public
Sewer: Other
Other Utilities: Other
Cooling: Other
Heating: Other
Exterior / Lot Features
Roof: Other
Additional Exterior/Lot Features: Other
Unit Information
Unit 1 Units Total: 8
Unit 1 Actual Rent: 41608
Unit 1 Baths Total: 5
Unit 1 Beds Total: 5
Driving Directions
From Old US 441, turn onto Dora Ave, right on E Caroline St, property on right.
Financial Considerations
Terms: Cash,Conventional,Owner May Carry
Tax/Property ID: 28-19-26-1700-011-00001
Tax Amount: 35112.49
Tax Year: 2025
A broker reciprocity listing courtesy: REMAX SUNSTATE REALTY
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Sales History & Tax Summary for 1000 E Caroline Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1000 E Caroline Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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