Waterfront Duplex with Income
101-103 Jasmine Court Lake Placid, FL 33852
For Sale
$325,000
Remodeled duplex with lake access, ideal for investors or Airbnb.
Property Size1,808 SF
Lot Size0.25 Acres
Price / SF$179.76
Days on Market131
Property Features for 101-103 Jasmine Court
General Information
Standard status
Active
Size
1,808 SF
Lot size
0.25 Acres
Property subtype
Multi-Family Income / Duplex
Building Details
Year Built
1962
Listing Agency:
Realty Empire Incorporated
(786) 664-7710
Listed By:
Stephanie Leon · License #3196121
(786) 664-7710
Source:
Compass
Added: Mar 19
Changed: Jul 10
Last Checked: Jul 27 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Empire Incorporated
Investment Insights
Based on property information with market context.
This remodeled duplex, situated in the Sun and Lakes Community, offers waterfront living with income potential. The property features two separate houses, each updated with new shaker kitchens, quartz counters, and stainless steel appliances. Both units are equipped with new A/Cs and metal roofs, and the property includes a brand-new water filtration system. Unit 1 consists of 2 bedrooms and 1 bathroom, along with a sun room. Unit 2 features 1 bedroom and 1 bathroom, also with a sun room. The property is located on a large ¼-acre corner lot with canal access to Lake Grassy, suitable for boating and jet skis. Community amenities include a boat ramp, tennis courts, pickleball courts, and a clubhouse, with an annual fee of $35 included in the property taxes. This duplex is suitable for investors, Airbnb hosts, or those looking to house-hack.
Key Highlights
- Waterfront duplex with canal access to Lake Grassy
- Two separate units: (2BR/1BA + sun room) and (1BR/1BA + sun room)
- Remodeled with new shaker kitchens, quartz counters, and stainless steel appliances
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 | $25.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.3k | $12.90 |
| − OpEx | −$7.0k | −$3.87 |
| NOI | $16.3k | $9.03 |
1,808 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.2K
NOI $16,330 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$376.1K
$329.1K – $438.8K
NOI $26,330 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with lake access, ideal for investors or Airbnb.
Where is this duplex located?
The property is located at 101-103 Jasmine Court Lake Placid, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Waterfront duplex with canal access to Lake Grassy; Two separate units: (2BR/1BA + sun room) and (1BR/1BA + sun room); Remodeled with **new shaker kitchens, quartz counters, and stainless steel appliances**
