821 SLEEPY HARBOUR DRIVE, Ocoee, Florida, 34761
$499,000
1,964 Sqft
0.22 Acres
4 bd
4 ba
#O6427602
Investor opportunity in the heart of Ocoee! This well-maintained duplex at 821/823 Sleepy Harbour Drive offers immediate cash flow with significant upside. Each unit features 2 bedrooms, 2 bathrooms, an additional office/flex space, oversized living areas, screened lanais, private fenced yards, individual one-car garages, and separate water and electric meters. Built in 1990, the property has a functional layout that continues to attract long-term tenants - Current tenants are long term and wish to stay.
Current rents are $1,720 per unit, providing stable income today, while offering the opportunity to increase returns. With cosmetic updates, market rents are estimated around $2,500 per unit, creating excellent value-add potential for investors looking to grow cash flow.
Major capital improvements have already been completed, including a new bathroom (2026) new roof (2022), one new garage door (2022), a new septic system (2022), exterior paint (2022), one new A/C system (2025), and the second A/C replaced in 2017. These big-ticket updates allow the next owner to focus on maximizing rental income rather than major maintenance expenses.
Conveniently located near shopping, dining, major highways, and downtown Ocoee, this is a rare opportunity to acquire an income-producing property with strong upside potential in a desirable Central Florida location. Whether you're adding to your portfolio or looking for your next value-add investment, this duplex checks all the right boxes.
PROPERTY FEATURES
- Utilities : Cable Connected, Electricity Connected
- Water Access : 0
- Sewer : Septic Tank
- Garage On Property : Yes.
- Garage Spaces: 1
- Exterior Features : Sidewalk
- Road Surface Type : Asphalt
- Roof : Shingle
- Heating : Central
- Cooling : Central Air
- Construction Materials : Block
- Interior Features : Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
- Laundry Features : In Garage
PROPERTY DETAILS
ID: O6427602
Status: Active
Price: $499,000
Acres: 0.22 Acres
Price Per Acre: $2,268,182
Type: Other
Address: 821 SLEEPY HARBOUR DRIVE
City, State: Ocoee, Florida
County: Orange
Zip Code: 34761
Lat/Long: 28.561128, -81.53523
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