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    Turnkey Duplex with Income

    260 S CENTRAL AVENUE Umatilla, FL 32784

    260 S CENTRAL AVENUE, Umatilla, FL, 32784
    $415,000
    For Sale
    Claim this Listing
    $415,000

    Duplex - UMATILLA, FL

    Property Size2,160 SF
    Lot Size0.15 Acres
    Price / SF$192.13
    AddedApr 16
    Days on Market92
    Last RefreshJul 16 at 11:06 am

    Property Features for 260 S CENTRAL AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Kitchen/Family Room Combo
    Exterior features
    Rain Gutters, Storage
    Appliances
    Dishwasher, Dryer, Washer
    Standard status
    Active
    APN
    13-18-26-050000A00501
    Size
    2,160 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3500

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Number of units
    2
    Flooring type
    Laminate, Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    Listing agent Logan Wilson License #3248440

    Listing office RLW REALTY 55 N. CENTRAL AVE., Umatilla, FL

    Listing date Apr 16, 2026

    MLS# G5111096 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This turnkey duplex, located in Umatilla, Florida, offers immediate income potential. Each of the two units features 2 bedrooms and 2 bathrooms. The property benefits from separate utilities for each unit. Currently tenant-occupied and professionally managed, this duplex provides a hands-off investment opportunity. Recent updates to the property mitigate major capital expenses. The property also features lake views. Previously, the property was used for short term rentals housing traveling nurses. The property size is 2160 square feet and the lot size is 0.15 acres. This sale would require a lot split that the City is in favor of, therefore the lots dimensions will need to be confirmed and the taxes are estimated.

    Key Highlights

    • Turnkey duplex with existing tenants and professional management for immediate income.
    • Lake views enhance tenant appeal and reduce vacancy.
    • Recent updates minimize future capital expenditures.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $44.1k $20.40
    − Vacancy −$2.9k −$1.35
    EGI $41.2k $19.05
    − OpEx −$12.3k −$5.72
    NOI $28.8k $13.34
    2,160 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $411.6K
    $360.1K – $480.2K (±1% cap)
    NOI $28,809 @ 7.0% cap · market cap 6.94%
    Second Best
    Apartment 5plus
    $378.9K
    $331.6K – $442.1K (±1% cap)
    NOI $26,525 @ 7.0% cap · market cap 6.39%
    Theoretical Best
    Office A
    $614.7K
    $537.8K – $717.1K (±1% cap)
    NOI $43,027 @ 7.0% cap · market cap 10.37%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Dental Office Law Firm HVAC Service Pharmacy Electrical Service Grocery & Convenience Store Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex with lake views in Umatilla, Florida.
    Where is this duplex located?
    The property is located at 260 S CENTRAL AVENUE Umatilla, FL.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Turnkey duplex with existing tenants and professional management for immediate income.; Lake views enhance tenant appeal and reduce vacancy.; Recent updates minimize future capital expenditures.
    Contact an agent
    (352) 771-2560
    We can help!
    Contact an agent
    Logan Wilson
    Logan Wilson
    Real Estate License ID: 3248440
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