$3,200,000
15992 W Colonial Drive Oakland, FL 34787
For Sale MLS# O6395167
41 beds 75 baths 17,021 sq ft Multi-family
Details for 15992 W Colonial Drive
MLS# O6395167
Description for 15992 W Colonial Drive, Oakland, FL, 34787
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)
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 41
Bathrooms: 75
Lot Size: 2.15 Acres
Square Feet: 17,021 sq ft
Year Built: 1951
Stories: 1 Story
Construction: Other
Construction Display: New Construction
Subdivision: Lake Johns Motel Apts. & Tr. Pk
Foundation: Crawlspace,Other
Number Of Units Total: 32
County: Orange
Construction Status: Fixer
Additonal Room Information
Laundry: Other
Interior Features
Basement: Crawl Space
Additional Interior Features: Other
Utilities
Water: Well
Sewer: Septic Tank
Other Utilities: Other
Cooling: Other, Wall/Window Unit(s)
Heating: Other
Exterior / Lot Features
Roof: Other, Shingle
Additional Exterior/Lot Features: Other
Unit Information
Unit 1 Units Total: 26
Unit 1 Actual Rent: 14350
Unit 1 Baths Total: 2
Unit 1 Beds Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 255
Unit 2 Baths Total: 2
Unit 2 Beds Total: 1
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1250
Unit 3 Baths Total: 3
Unit 3 Beds Total: 2
Unit 4 Units Total: 6
Unit 4 Actual Rent: 6925
Unit 4 Baths Total: 3
Unit 4 Beds Total: 2
Driving Directions
off i4 head west on Colonial drive will be on your left
Financial Considerations
Terms: Cash,Conventional,Owner May Carry
Tenant Pays: Electricity,Gas,Water
Gross Income: 115200
Tax/Property ID: 28-22-27-0000-00-003
Tax Amount: 29405.02
Tax Year: 2025
A broker reciprocity listing courtesy: REMAX SUNSTATE REALTY
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 15992 W Colonial Drive
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 15992 W Colonial Drive
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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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