3-Unit Multifamily
For Sale
$350,000
7545 S Old Oaks Drive, Floral City, FL 34436
Residential Income, Floral City, FL
Property Size2,658 SF
Lot Size2.11 Acres
Price / SF$131.68
Days on Market463
Property Features for 7545 S Old Oaks Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
CLRMH
Parking features
Driveway
Interior features
Eat-in Kitchen
Appliances
Electric Cooktop, Dishwasher, Microwave Hood, Oven, Refrigerator
Elementary school
Floral City Elementary School
Middle school
Inverness Middle School
High school
Citrus High School
Directions
Continue onto US 41, left onto FL 48, left onto E Trails End, left onto S Clay Terrace, left on Old Oaks.
Subdivision
Old Oaks
Standard status
Active
APN
2646705
Size
2,658 SF
Lot size
2.11 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4655
Utilities
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1971
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Block, Stucco, Log
Roof type
Metal
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
Listed By:
Luke Whitehurst · License #3273034
(352) 726-6668
Added: Jul 31, 2025
Changed: Nov 5
Last Checked: Nov 5 at 10:06PM
MLS# CC846834
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-residence property contains 2,658 square feet across homes measuring 1,400+ square feet with 3 bedrooms and 2 baths, 672 square feet with 2 bedrooms and 1 bath, and 576 square feet with 1 bedroom and 1 bath. The 2.11-acre parcel is fenced and zoned CLRMH. Property features include separate electric meters for each residence, a well, septic system, metal roofing, and driveway parking.
The homes are near a public boat ramp, Tsala Apopka Lake, and the Withlacoochee River. Jacks Store, Sleepy Hallow, and Boondocks General Store are also nearby. Interior features include eat-in kitchens, tile and vinyl flooring, and a mix of block, stucco, and log construction. Appliances include electric cooktops, dishwashers, microwave hoods, ovens, and refrigerators.
The homes are near a public boat ramp, Tsala Apopka Lake, and the Withlacoochee River. Jacks Store, Sleepy Hallow, and Boondocks General Store are also nearby. Interior features include eat-in kitchens, tile and vinyl flooring, and a mix of block, stucco, and log construction. Appliances include electric cooktops, dishwashers, microwave hoods, ovens, and refrigerators.
Key Highlights
- Three residences totaling 2,658 square feet on 2.11 acres
- Unit mix: 1400+ Sqft 3/2, 672 sqft 2/1, and 576 sqft 1/1
- Each residence has a separate power meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,262
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,240
$445.2K
Cap Rate 7%
$318,029
$318.0K
Cap Rate 9%
$247,356
$247.4K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$43.1K $16.20/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$40.5K $15.23/SF
− OpEx
−$18.2K −$6.85/SF
NOI
$22.3K $8.38/SF
Area
Citrus County, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,240
Cap Rate 7%
$318,029
Cap Rate 9%
$247,356
Alternative Uses
Best Use
Apartment 5plus
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$597.2K
$522.6K – $696.8K
NOI $41,807 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three residences on fenced acreage feature separate power meters and a mix of floor plans.
Where is this multifamily property located?
The property is located at 7545 S Old Oaks Drive Floral City, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three residences totaling 2,658 square feet on 2.11 acres; Unit mix: 1400+ Sqft 3/2, 672 sqft 2/1, and 576 sqft 1/1; Each residence has a separate power meter
