15992 W COLONIAL DRIVE, OAKLAND, FL 34787
LAKE JOHNS MOTEL APTS. & TR. PK · Orange County
Key Facts
Description
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)
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1951
Living Area
17,021 sq ft
Lot Size
2.15 acres
Ownership
Fee Simple
Zoning
C-1
Days on Market
6
MLS® Listing#
O6395167
Property Features
Interior
Exterior
Cooling
Heating
Basement
Laundry
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$29,405
Tax year 2025
Parcel Number
28-22-27-0000-00-003
Directions
off i4 head west on Colonial drive will be on your left
Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in OAKLAND, FL
- $425,000
- Median Listing Price
- 83
- Median Days on Market
- 1,250
- Median Sq Ft
- $299
- Median Price / Sq Ft
- 377
- Active Listings
- This home’s price is 653% above the area median.
- Its price per sq ft is 37% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in OAKLAND, FL.
Location
Points of Interest in OAKLAND, FL
Showing the OAKLAND area map.
Nearby Schools
Oakland Avenue Charter School
Elementary · 0.3 mi away
Tildenville Elementary
Elementary · 1.1 mi away
Sunridge Middle School
Secondary · 1.5 mi away
Lakeview Middle School
Secondary · 1.6 mi away
Sunridge Elementary
Elementary · 1.6 mi away
Starchild Academy Winter Garden
School · 2.3 mi away
Ucp West Orange
Elementary · 2.3 mi away
Ucp West Orange Charter
Elementary · 2.3 mi away
Ucp West Orange Charter School at Ucp Healthy West Orange Campus
School · 2.3 mi away
Ability 14 Special Education Advocacy
Elementary · 2.5 mi away
The Learning Center
School · 2.5 mi away
Calvary Baptist Church
School · 2.5 mi away
The Parson Institute - JCS
School · 2.6 mi away
Whispering Oak Elementary School
Elementary · 2.6 mi away
Foundation Academy
School · 2.7 mi away
Montessori Academy of Winter Garden
Elementary · 2.7 mi away
Dillard Street Elementary School
Elementary · 2.9 mi away
Maxey Elementary-Ocps
Elementary · 3.0 mi away
Foundation Academy
School · 3.1 mi away
Montessori Charter of Winter Garden
Elementary · 3.2 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in OAKLAND
Listing Courtesy: REMAX SUNSTATE REALTY - 863-420-5851
Last Updated: 2026-03-31