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    Income-Producing Multi-Residential Property Title is generated by Realmo AI

    7545 S Old Oaks Drive, Floral City, FL 34436

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    Claim this Listing
    For Sale
    $350,000

    MULTI_FAMILY - Other - Floral City, FL

    Type:Single Family Residence
    Property size:
    2,658 SF
    Lot size:
    2.11 Acres
    Price / SF:
    $131/SF
    Added:
    Jul 31, 2025
    Days on Market:
    314
    Last Refresh:
    Jun 9 at 1:06 pm

    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
    Carport, Driveway, Paved or Surfaced
    Interior features
    EatInKitchen
    Exterior features
    UnpavedDriveway
    Appliances
    Dishwasher, ElectricCooktop, ElectricOven, MicrowaveHoodFan, Microwave, Refrigerator
    Standard status
    Active
    APN
    2646705
    Size
    2,658 SF
    Lot size
    2.11 Acres

    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

    We can help!

    Listing Contact
    Luke Whitehurst

    Listing agent Luke Whitehurst License #3273034

    Listing office Century 21 J.W.Morton R.E. 1645 W Main Street, Inverness, FL

    Listing date Jul 31, 2025

    MLS# 846834 Listing URL

    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.

    HighLights

    • Income‑producing multi‑residential with three separate dwellings: 3/2 (1400+ SF), 2/1 (672 SF), and 1/1 (576 SF)
    • Three new A/C units and three separate power meters (one per unit)
    • Utilities: well water and septic tank; metal roof and stucco construction
    • Appliances included: dishwasher, electric cooktop, electric oven, microwave hood fan, microwave, and refrigerator
    • Flooring includes tile and vinyl; interior features include an eat‑in kitchen
    • Set on 2+ acres of fenced land with carport and driveway parking

    Overview

    This income-producing multi-residential property presents an investment opportunity. The property features three separate dwellings with individual power meters. The residences include a 1400+ square foot unit with three bedrooms and two bathrooms, a 672 square foot unit with two bedrooms and one bathroom, and a 576 square foot unit with one bedroom and one bathroom. A new water heater has been installed. The property is located near the public boat ramp, Tsala Apopka Lake, and the Withlacoochee River, as well as local stores. Situated on a 2.11-acre lot, the fenced land offers potential for animals to roam and the possibility of a mini-farm. Each home has been well-maintained and updated, featuring newer appliances, tile and wood planking, and wood features throughout the log cabin. The property encompasses a total of 2658 square feet and is zoned CLRMH. Three new A/C units have been installed.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.1k $16.20
    − Vacancy −$2.6k −$0.97
    EGI $40.5k $15.23
    − OpEx −$18.2k −$6.85
    NOI $22.3k $8.38
    2,658 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $318.0K
    $278.3K – $371.0K (±1% cap)
    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 (±1% cap)
    NOI $41,807 @ 7.0% cap · market cap 11.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Floral City
    County
    Citrus
    State
    Florida
    Longitude
    -82.2308158
    Latitude
    28.7556996

    FAQs

    What type of property is this?
    Multifamily property - Income-generating multi-family property near Tsala Apopka Lake and Withlacoochee River.
    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: Income‑producing multi‑residential with three separate dwellings: 3/2 (1400+ SF), 2/1 (672 SF), and 1/1 (576 SF); Three new A/C units and three separate power meters (one per unit); Utilities: well water and septic tank; metal roof and stucco construction
    More about this property
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