Three-Unit Multifamily
For Sale
$350,000
7545 S Old Oaks Drive, Floral City, FL 34436
ResidentialIncome, Floral City, FL
Property Size2,658 SF
Lot Size2.11 Acres
Price / SF$131.68
Days on Market454
Property Features for 7545 S Old Oaks Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
CLRMH
Parking
2
Parking features
Paved or Surfaced, Driveway, Carport
Interior features
EatInKitchen
Exterior features
UnpavedDriveway
Appliances
Dishwasher, ElectricCooktop, ElectricOven, MicrowaveHoodFan, Microwave, Refrigerator
Subdivision
Old Oaks
Lot features
Acreage, Multiple Lots
Elementary school
Floral City Elementary
Middle school
Inverness Middle
High school
Citrus High
Directions
Continue onto US 41, left onto FL 48, left onto E Trails End, left onto S Clay Terrace, left on 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)
Water source
Well
Building Details
Year built
1971
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Stucco
Roof type
Metal
Architectural style
Other
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Luke Whitehurst · License #3273034
(352) 476-5578
Added: Jul 31, 2025
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 846834
Copyright © 2026 REALTORS Association of Citrus County, Inc. 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 multifamily property includes three separate dwellings totaling 2658 square feet. The configuration consists of a 1400+ Sqft 3/2 residence, a 672 sqft 2/1 residence, and a 576 sqft 1/1 residence. Each unit has its own power meter, while the homes feature updated interiors, newer appliances, tile and vinyl flooring, and wood details in the log cabin. A new water heater, metal roofing, well water, and septic service are also included.
The property occupies 2.11 acres of fenced land in Floral City, with a paved or surfaced driveway, carport, and unpaved drive areas. Nearby recreational and commercial references include a public boat ramp, Tsala Apopka Lake, the Withlacoochee River, Jacks store, Sleepy Hallow, and Boondocks General store. Zoning is CLRMH.
The property occupies 2.11 acres of fenced land in Floral City, with a paved or surfaced driveway, carport, and unpaved drive areas. Nearby recreational and commercial references include a public boat ramp, Tsala Apopka Lake, the Withlacoochee River, Jacks store, Sleepy Hallow, and Boondocks General store. Zoning is CLRMH.
Key Highlights
- Three dwellings: 1400+ Sqft 3/2, 672 sqft 2/1, and 576 sqft 1/1
- 2.11 acres of fenced land
- Three separate power meters, one for each unit
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
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 - Separate residences provide income-producing space with individual power meters, updated interiors, and access to fenced acreage.
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 dwellings: 1400+ Sqft 3/2, 672 sqft 2/1, and 576 sqft 1/1; 2.11 acres of fenced land; Three separate power meters, one for each unit
