USAFLTavaresTavares St Clair Abrams Ext1000 E Caroline St
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$3,600,000

For Sale

10 days ago

1000 E Caroline St, Tavares, FL

House

MLS® O6396568

40 Bed

40 Bath

35262 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 35262 sqft
Garage 
Taxes $35,112
Days Active 10
Lot Size 
Approx. Age 1979
Avg. Price Per Sqft $102
MLS® Number O6396568

Property Address: 1000 E Caroline St, TAVARES, FL, 32778-3452

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberO6396568
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1979
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 6, 2026List Date
$3,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
1000 E Caroline St, Tavares, FL

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