Tavares Multifamily Community For
For Sale
$3,600,000
Pending
1000 E CAROLINE STREET, Tavares, FL 32778
40-unit multifamily community with HUD-backed rental income in Tavares, Florida.
Property Size35,262 SF
Lot Size3.56 Acres
Days on Market140
Property Features for 1000 E CAROLINE STREET
General Information
Standard status
Pending
Size
35,262 SF
Lot size
3.56 Acres
Property subtype
Residential Income
Zoning
RMF-3
Taxes and HOA fees
Annual Taxes
$35,112
Amenities
Other
Building Details
Year Built
1979
Listing Agency:
ROBERT SLACK LLC
(407) 496-4196
Listed By:
Kyler Moreland · License #3539998
(407) 496-4196
Source:
Evrealestate
Added: Apr 6
Changed: Aug 23
Last Checked: Jul 24 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROBERT SLACK LLC
Investment Insights
Based on property information with market context.
Caroline Court is a 40-unit multifamily community located in Tavares. Situated on approximately 3.56 acres, the property consists of 8 residential buildings totaling approximately 32,000 square feet. Constructed in 1979, the community features a mix of 1-bedroom, 2-bedroom, and 3-bedroom floor plans. The property has maintained strong performance with historically high occupancy and minimal vacancy. The majority of rental income is HUD-supported. Resident amenities include on-site laundry facilities, a maintenance area, and ample parking. Located near Downtown Tavares, the Seaplane City corridor, and major Lake County commuter routes, the asset is positioned within one of Central Florida’s steadily growing workforce housing markets. The property offers a combination of cash flow stability, scale, and long-term upside. The property has a bike score of 30, indicating it is somewhat bikeable, and a walk score of 30, indicating car-dependent accessibility.
Key Highlights
- HUD‑supported rental income ensures dependable cash flow.
- 40‑unit multifamily community offers immediate scale in the Tavares market.
- Historically high occupancy and minimal vacancy demonstrate strong performance.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 40-unit multifamily community with HUD-backed rental income in Tavares, Florida.
Where is this apartment building located?
The property is located at 1000 E CAROLINE STREET Tavares, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: HUD‑supported rental income ensures dependable cash flow.; 40‑unit multifamily community offers immediate scale in the Tavares market.; Historically high occupancy and minimal vacancy demonstrate strong performance.
