15992 W COLONIAL DRIVE
Oakland, FL 34787
$3,200,000
15992 W Colonial Dr, Oakland, FL – 32-Unit Income Producing Multifamily Opportunity
Exceptional opportunity to acquire a 32-unit income-producing asset in the heart of West Orange County, ideally positioned along the high-visibility W Colonial Dr / SR-50 corridor in the Town of Oakland.
Situated on approximately 2.15 acres, this unique property offers a diverse mix of duplex-style residences, mobile home/RV units, and additional rental pads, creating multiple income streams and long-term upside. Currently generating $34,860 per month in gross rental income the property delivers immediate cash flow while offering significant future value-add and redevelopment potential.
Located just minutes from the Florida Turnpike interchange, Downtown Winter Garden, Clermont, and the greater Orlando employment hubs, this site sits directly in the path of West Orange’s continued expansion. The C-1 zoning and strategic frontage on SR-50 make this an especially compelling opportunity for investors seeking stable income today with the flexibility for future repositioning.
Whetherd workforce housing and RV income asset, repositioned into a boutique rental community, or held for future redevelopment, opportunities with this combination of location, scale, frontage, and in-place revenue are increasingly rare. (Seller is selling 112 units in total varying in diffrent locations this is 32 of those 112)
Listing Courtesy of: REMAX SUNSTATE REALTY
863-420-5851
| Listing Id: | O6395167 |
|---|---|
| List Price: | $3,200,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 41 |
| Bathrooms Full: | 75 |
| Living Area: | 17,021 |
| Tax Annual Amount: | $29,405 |
| Lot Size Square Feet: | 93,655 |
| Lot Size Acres: | 2.15 |
| Waterfront?: | No |
| City: | Oakland |
| County Or Parish: | Orange |
| Subdivision Name: | Lake Johns Motel Apts. & Tr. Pk |
| Postal Code: | 34787 |
| Year Built: | 1951 |
| Number Of Units Total: | 32 |
| Bathrooms Total Integer: | 75 |
| Building Area Source: | Public Records |
| Building Area Total: | 17021 |
| Building Area Units: | Square Feet |
| Foundation Details: | Crawlspace, Other |
| Construction Materials: | Other |
| Cooling: | Other, Wall/Window Unit(s) |
| Directions: | off i4 head west on Colonial drive will be on your left |
| Exterior Features: | Other, Private Mailbox |
| Gross Income: | $115,200 |
| Heating: | Other |
| Interior Features: | Other |
| Laundry Features: | Other |
| Lease Term: | 6-12 Month |
| Levels: | One |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 2.15 |
| Postal Code Plus4: | 9706 |
| MLS Area Major: | 34787 - Winter Garden/Oakland |
| MLS Area Major: | 34787 - Winter Garden/Oakland |
| Original List Price: | $3,200,000 |
| Parcel Number: | 28-22-27-0000-00-003 |
| Township: | 22 |
| Road Surface Type: | Other |
| Roof: | Other, Shingle |
| Listing Terms: | Cash, Conventional, Owner Financing |
| Tax Year: | 2025 |
| Sewer: | Septic Tank |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Tenant Pays: | Electricity, Gas, Water |
| Total Actual Rent: | $23,575 |
| Utilities: | Other |
| Water Source: | Well |
| Property Condition: | Fixer |
| Public Survey Range: | 27 |
| Public Survey Section: | 28 |
| Zoning: | C-1 |
| Alternate Key Folio Num: | 272228000000003 |
| Annual Net Income: | 14105.00 |
| Building Area Total Srch Sq M: | 1581.30 |
| Calculated List Price By Calcula: | 188.00 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/O6395167?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/O6395167?w=Customer |
| Dpryn: | No |
| Flood Zone Code: | AE* |
| Flood Zone Date: | 2021-09-24 |
| Flood Zone Panel: | 12095C0215H |
| Future Land Use: | Commercial |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 1581.30 |
| Lot Size Square Meters: | 8701 |
| Other Exemptions Yn: | No |
| Planned Unit Development Yn: | No |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | Not Applicable |
| Total Acreage: | 2 to less than 5 |
| Total Num Buildings: | 32 |
| Unit Count: | 4 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 863-420-5851 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-03-31 |
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Property Last Updated: October 21, 2026 04:20 AM - ET
