$3,600,000

1000 E CAROLINE STREET, Tavares, FL 32778

  • 40 beds |
  • 40 baths |
  • 35,262 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1979
  • Property Lot Size Icon3.56acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $102/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Under contract-accepting backup offers. Exceptional opportunity to acquire Caroline Court, a 40-unit multifamily community in the heart of Tavares, offering immediate scale, stable occupancy, and the security of HUD-backed rental income. Situated on approximately 3.56 acres, this well-established apartment community consists of 8 residential buildings totaling approximately 32,000 square feet, with a desirable mix of 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Built in 1979, the property has maintained strong performance with historically high occupancy and minimal vacancy, supported by consistent demand for affordable housing in the Tavares market. A major investment advantage is that the majority of rental income is HUD-supported, creating dependable cash flow and reducing collection volatility. The property also offers attractive resident amenities including on-site laundry facilities, maintenance area, and ample parking, further strengthening long-term tenant retention. Located near Downtown Tavares, the Seaplane City corridor, and major Lake County commuter routes, this asset is positioned within one of Central Florida’s steadily growing workforce housing markets. Whether acquired as a standalone stabilized HUD asset or as part of a larger workforce housing strategy, this property offers a compelling combination of cash flow stability, scale, and long-term upside.This is a 40-unit asset and can also be sold as part of a larger 112-unit portfolio. Contact me directly for full portfolio details, pricing, and package information.

Listing Status:
Pending
Date Added:
April 6, 2026
Data Last Updated:
June 28, 2026 at 9:24PM
Listing Office:
REMAX SUNSTATE REALTY : 416-450-7436
Listing Agent:
Kyler Moreland : 407-496-4196
MLS ID:
O6396568
  • General: Other
  • Laundry: Other
  • A/C: Other
  • Heating: Other
  • General: Other
  • Roofing: Other
  • General: Other
  • Road/Access: Other
  • Originating MLS: Stellar MLS
  • County: Lake
  • Zoning: RMF-3TAVARES ST CLAIR-ABRAMS EXT. N 400 FT OF BLK 11 PB 1 PG 53 ORB 5688 PG 221828-19-26-1700-011-00001
  • Utilities: Other
  • Water: Public
  • Sewer: Other
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Kyler Moreland , REMAX SUNSTATE REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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