NEW
861 LAKE IRENE DRIVE, CASSELBERRY, FL 32707
$700,000
Multi-Family Home 8,500 Square Feet Taxes: $1,249.00 Built in 1980 2 Garage Spaces Type: Multi-Family Listed on 02/06/2019 MLS # O5762305

Description of 861 LAKE IRENE DRIVE, CASSELBERRY, FL 32707

EARN INCOME WHILE YOU MAKE PLANS TO DEVELOP. This land is 6 adjacent parcels ON LAKEFRONT. The land currently has 8 rental properties with tenants month to month. Income is approximately $6500 per month with undermarket rents. Earn income while you decide what to build or hold it as an income producing property. 6 total acres, 3 buildable. Prime location located on corner of Hwy 434 and US 17-92. Located on the edge of Longwood/Casselberry/Winter Springs. Build townhomes, apartments, or single family homes (subject to city approval). Land is located next to a large Townhome development. Prime location on corner of Hwy 434 and US 17-92. Located on the edge of Longwood/Casselberry/Winter Springs.

Directions to 861 LAKE IRENE DRIVE, CASSELBERRY, FL 32707

From I-4 go east on 434 towards 17-92. After you cross 17-92 make a right on JE Correll Drive. The road will curve around to become Lake Irene and the properties will be on the left hand side

Features of 861 LAKE IRENE DRIVE, CASSELBERRY, FL 32707

Schools

  • Elementary school: Winter Springs Elementary
  • High school: Winter Springs High
  • Middle school: Milwee Middle

Rooms

  • Guest house

Garage

  • Attached garage
  • Garage spaces: 2
  • Two car carport

Exterior

  • Frame exterior
  • Wood frame exterior

Lot

  • Body of water: LAKE IRENE
  • Lot acreage is: 6.00
  • Lot dimension is: 581x450
  • Lot has lake access
  • Lot has lake view
  • Lot has water view
  • Lot on or near lake
  • Lot zoned: A-1
  • Subdivision: D R MITCHELLS SURV OF THE LEVY GRANT
  • Waterfront lot

Construction

  • Total square feet: 8500.00
  • Units in building(s): 8

Other

  • Tax year: 2017

Mortgage Payments for 861 LAKE IRENE DRIVE, CASSELBERRY, FL 32707

The approximate monthly Principal & Interest payment for this property would be $3,263. This payment is based on a 30-year loan at a fixed rate of 4.41 % with a down payment of $70,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.