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332 OLEANDER WAY, Casselberry, FL, 32707 | $495,000
Incredible turnkey income property with industrial zoning and massive income potential! This fully renovated duplex offers two spacious 2-bedroom, 1-bath units, each with private entrances, separate utilities, and brand-new upgrades throughout — plus bonus income from backyard lot leases (rented separately). Perfect for investors, house hackers, or small business owners needing vehicle or equipment storage.
Recent Renovations Include: New Roof 2022, General Electrical renovation 2025 (under warranty), and AC 2025 (under warranty), and 2025 general kitchen and bath remodel.
Brand-new electrical system including full rewiring, upgraded gang meter can, outlets, and modern light fixtures (under warranty).
New plumbing, stylish plumbing fixtures, and updated kitchens and bathrooms.
All new stainless-steel appliances in both units.
New tile bathroom renovation and tile flooring throughout for durability and low maintenance.
Two new HVAC units, one for each unit (under warranty).
All new light fixtures, new plumbing fixtures, and fresh interior and exterior paint for a clean, modern look.
Property Layout:
Unit 332: 2 Bed / 1 Bath, private carport, washer/dryer, storage room.
Unit 334: 2 Bed / 1 Bath, private one-car garage, new washer/dryer, storage room.
Each unit includes kitchen islands, three closets in each bedroom, and large living spaces (units have mirrored layout).
Front covered patios and assigned parking for each unit with separate driveways.
Lot Features:
Zoned INDUSTRIAL (IND) but grandfathered as residential for a hybrid use — ideal for small business operations, commercial parking, trailers, and more.
0. 42-acre lot with additional RV/boat parking income potential.
Backyard currently being leased to an RV tenant at $525/month with additional yard space projected to lease at $300/month.
Current Income (Fully Rented) month to month:
Unit 334: $1, 775/month
Unit 332: $1, 660/month
RV Lot Lease: $525/month (in process)
Additional Yard Lease: $300/month (projected)
Total Monthly Income Potential: $4, 260/month
Additional Features:
Separate Duke Energy meters and water meters for each unit.
New washer/dryer sets included.
Concrete block construction.
Generous front yard, side yards, and backyard space.
Easy access to Target, Home Depot, restaurants, 17-92, bus lines, and the train station.
Whether you're an investor looking for a high-performing rental or an owner-occupant seeking flexibility, this duplex checks every box — including future development or zoning potential.
?? Schedule your private showing today and request a full breakdown of current rental agreements, zoning documentation, and estimated ROI. All information provided is deemed reliable but is not guaranteed and should be independently verified by buyers and their agents. Seller and listing agent make no representations or warranties regarding the accuracy of square footage, zoning, permitted use, property condition, or financials. Buyers are advised to conduct their own due diligence during the inspection period to verify all facts that are material to their decision to purchase.
Features
- Units: 2
- Laundry: In Garage, Laundry Room
- Year Built: 1964
- Garage: 1-car Assigned, Boat, Covered, Curb Parking, Driveway, Ground Level, Guest, Off Street, On Street, Open, Oversized, RV Carport, RV Parking, Under Building, Workshop in Garage
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 1,560
- Acreage: 0.42
- Est. Taxes: $4,310
- View: Trees/Woods
- Pet Policy: Cats OK, Dogs OK, Yes
- Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- MLS#: O6305911
- Days on Market: 3 days
- Website: https://www.raveis.com
/prop/O6305911/332oleanderway_casselberry_fl?source=qrflyer
Listing courtesy of Realty Hub Phone: 407-900-1001
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
332 OLEANDER WAY, Casselberry, FL, 32707
$495,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $396,000 | $396,000 | $396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
| Monthly Tax Payment | $359 | $359 | $359 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,471 | $2,601 | $3,315 |
| Total Monthly Payment | $2,905 | $3,035 | $3,749 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388