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Tavares Multifamily Community For Sale

1000 E CAROLINE St, Tavares, FL 32778

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For Sale

$3,600,000

40-unit multifamily community with HUD-backed rental income in Tavares, Florida.

Type:Investment

Property size:

32,000 SF

Lot size:

3.56 Acres

Price / SF:

$112/SF

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.
Desirable mix of 1‑bedroom, 2‑bedroom, and 3‑bedroom floor plans.
Located near Downtown Tavares, the Seaplane City corridor, and major commuter routes.
On‑site amenities include laundry facilities, maintenance area, and ample parking.

We can help!

Listing Contact

Kyler Moreland

Learn more

For Sale

$3,600,000

40-unit multifamily community with HUD-backed rental income in Tavares, Florida.

Type:Investment

Property size:

32,000 SF

Lot size:

3.56 Acres

Price / SF:

$112/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:36 pm

Property Features for 1000 E CAROLINE St

General Information

Standard status: Active
Size: 32,000 SF
Lot size: 3.56 Acres
Property subtype: Investment

Building Details

Year Built: 1979

We can help!

Listing Contact

Kyler Moreland

Listing agent Kyler Moreland License #3539998

Listing office ROBERT SLACK LLC

Listing date Apr 24, 2026

Source Elliman

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

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.
Desirable mix of 1‑bedroom, 2‑bedroom, and 3‑bedroom floor plans.
Located near Downtown Tavares, the Seaplane City corridor, and major commuter routes.
On‑site amenities include laundry facilities, maintenance area, and ample parking.

Overview

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.

Location Intelligence

Current Use by Public Records

M & M Sealcoating ... General Contractor Caroline Court Apartments Apartment Building

Suggested Use

Location Insight

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Local Demand

City: Tavares
County: Lake
State: Florida
Longitude: -81.7178494
Latitude: 28.8055219

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For sale
Apartment buildings
FL
Tavares
32778
1000 E CAROLINE St

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 St 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.