1000 E Caroline Street, Tavares, FL 32778

Tavares
Local realty services provided by:ERA American Suncoast
1000 E Caroline Street,Tavares, FL 32778
$3,600,000
  • 40 Beds
  • 40 Baths
  • 35,262 sq. ft.
  • Multi-family
  • Pending
Listed by: kyler moreland
Office: remax sunstate realty
MLS#:O6396568
Source:MFRMLS

Price summary

  • Price:$3,600,000
  • Price per sq. ft.:$102.09

About this home

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...

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Home facts

  • Year built:1979
  • Listing ID #:O6396568
  • Added:45 day(s) ago
  • Updated:May 22, 2026 at 07:52 AM

Rooms and interior

  • Bedrooms:40
  • Total bathrooms:40
  • Living area:35,262 sq. ft.

Structure and exterior

  • Year built:1979
  • Building area:35,262 sq. ft.
  • Lot area:3.56 Acres
  • Levels:1 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$3,600,000
  • Price per sq. ft.:$102.09
  • Tax amount:$35,112 (2025)

Features and amenities

  • Pool features:Public Pool
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