15992 W COLONIAL DRIVE, OAKLAND, FL 34787 | MLS #MFRO6395167 | Berkshire Hathaway HomeServices Florida Network Realty
 
Listing provided courtesy of REMAX SUNSTATE REALTYas Distributed by MLSGrid- MLS# MFRO6395167MLS Provider

15992 W COLONIAL DRIVEOAKLAND, FL 34787

Multi-Family · 41 Beds · 17,021 Sq. ft. | 2.15 Acres
$3,200,000 Active

15992 W COLONIAL DRIVE Overview

Time on Site:
91 days
Visits:
0

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)

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15992 W COLONIAL DRIVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 17,021
  • Price/Sq.ft. $188
  • Lot 2.15 Acres

Details

General

Association/HOA

  • Association: No

Income/Expenses

  • Gross Income: 115200

Building Information

  • New Construction: No
  • Year Built: 1951

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 34787 - Winter Garden/Oakland
  • Subdivision Name: LAKE JOHNS MOTEL APTS. & TR. PK
  • Township: 22

Rent/Lease Information

  • Lease Term: 6-12 Month
  • Tenant Pays: Electricity,Gas,Water

Tax Information

  • Tax Annual Amount: 29405.02
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional,Owner Financing
  • Ownership: Fee Simple
  • Parcel Number: 28-22-27-0000-00-003
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: C-1

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 75
  • Bedrooms Total: 41

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 17021
  • Building Area Units: Square Feet

General Information

  • Cooling: Other,Wall/Window Unit(s)
  • Fireplace: No
  • Foundation Details: Crawlspace,Other
  • Heating: Other
  • Interior Features: Other
  • Laundry Features: Other
  • Levels: One
  • Living Area: 17021
  • Living Area Source: Public Records
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 2.15
  • Lot Size Square Feet: 93655
  • Road Surface Type: Other
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Other
  • Roof: Other,Shingle

General Information

  • Carport: No
  • Exterior Features: Other,Private Mailbox
  • Number Of Units Total: 32
  • Pool Private: No
  • Sewer: Septic Tank
  • Utilities: Other

15992 W COLONIAL DRIVE Neighborhood

Community

34787 (WINTER GARDEN) Demographics

37
Median Age
941
Population Density (per sq. mile)
54%
College Educated
$94,038
Estimated Median Income
17,911
Estimated Total Home Owners
6,766
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

15992 W COLONIAL DRIVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

15992 W COLONIAL DRIVE Market Data

Based on the last 30 days in this zip code

$715,510
Average List Price
$287
Average Price per Square Foot
154
Properties Sold
104
Average Days on Market
1,100
Properties for Sale
Calculations provided by Reliance Network

15992 W COLONIAL DRIVE History

Date Event Value Agent
3/31/2026Source: My Florida Regional MLS Added to Database
March 31, 2026