Updated Duplex Income
1018 JERSEY AVENUE Saint Cloud, FL 34769
1018 JERSEY AVENUE, Saint Cloud, FL, 34769
$314,900
For Sale
$314,900
Fully fenced lot with two rental units, including a 2-bed/1-bath updated home and an upstairs self-contained suite.
Property Size1,124 SF
Lot Size0.25 Acres
Price / SF$280.16
Days on Market461
Property Features for 1018 JERSEY AVENUE
General Information
- Standard status
- Active
- Size
- 1,124 SF
- Lot size
- 0.25 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
EXP REALTY LLC
(407) 791-9806
Listed by
Briana Eberenz · License #3489120
(407) 791-9806
Source
Exitrealty
Added: Apr 18, 2025 Updated: Jul 21 at 7:33AM Checked: Jul 21 at 7:33AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This income property features two separate rental units on a fully fenced 0.25+ acre lot. The main home is a 2-bedroom, 1-bath unit that has been updated with new windows, a newer roof, and fresh interior and exterior paint. It includes all appliances and a brand-new washer and dryer, and it is ready to rent immediately. An attached private upstairs entrance leads to a self-contained unit with a living space and 1 full bathroom, offering flexibility as a second rental.
The property is located in St. Cloud, about 10 blocks from East Lake Tohopekaliga. Additional exterior features include a freshly painted shed and an outdoor jacuzzi. No HOA is noted.
Both units share the property site and are configured for independent rental use, with the upstairs suite accessed via the private entrance.
The property is located in St. Cloud, about 10 blocks from East Lake Tohopekaliga. Additional exterior features include a freshly painted shed and an outdoor jacuzzi. No HOA is noted.
Both units share the property site and are configured for independent rental use, with the upstairs suite accessed via the private entrance.
Key Highlights
- Income property built in 1910 with two separate rental units on a fully fenced 0.25+ acre lot
- 2‑bed, 1‑bath updated main unit with new windows, newer roof, and fresh interior/exterior paint
- Main unit includes all appliances plus a brand‑new washer and dryer; ready to rent immediately
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 | $22.9k | $20.40 |
| − Vacancy | −$1.5k | −$1.35 |
| EGI | $21.4k | $19.05 |
| − OpEx | −$6.4k | −$5.72 |
| NOI | $15.0k | $13.34 |
1,124 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.2K
$187.4K – $249.9K
NOI $14,991 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$197.2K
$172.5K – $230.1K
NOI $13,803 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully fenced lot with two rental units, including a 2-bed/1-bath updated home and an upstairs self-contained suite.
Where is this duplex located?
The property is located at 1018 JERSEY AVENUE Saint Cloud, FL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Income property built in 1910 with two separate rental units on a fully fenced 0.25+ acre lot; 2‑bed, 1‑bath updated main unit with new windows, newer roof, and fresh interior/exterior paint; Main unit includes all appliances plus a brand‑new washer and dryer; ready to rent immediately
