Two-Unit Duplex with
For Sale
$249,000
10407 S DREW BRYANT CIRCLE, Floral City, FL 34436
Tarawood duplex includes two separate units with private entrances and 1-car garages, updated major systems and appliances.
Property Size1,886 SF
Price / SF$132.03
Days on Market50
Property Features for 10407 S DREW BRYANT CIRCLE
General Information
Standard status
Active
Size
1,886 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
0.21 acres, Dimensions: 90x100, Landscaped, Level, Paved
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 20E-20S-28-0020-00000-0030, Public Survey Range: 20E, Public Survey Section: 28, Annual Amount: $1,162.25, Tax Book Number: 14-84, Legal Description: TARAWOOD PHASE 1 PB 14 PG 84 LOTS 3 & 4, Lot: 3, Year: 2025, Zoning: PDR
Ceramic Tile
2 spaces
Central Air
Heat Pump
Inside, Laundry Room
Listing ID: MFRW7887921, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-23, 15 days on market, Special Conditions: None
Blinds
3 total bedrooms
Built in 1996, Living area: 1886, Living area units: Square Feet, Levels: One, Construction Materials: Block, Concrete, Stucco
Subdivision: TARAWOOD PH 01, MLS Area (Major): 34436 - Floral City, County/Parish: Citrus
Completed, Trees/Woods
2 total bathrooms
Clubhouse, Fitness Center, Gated Community - No Guard, Pool
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected, Water Source: Public
Slab
Close Of Escrow
Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
Road Surface: Paved
Lighting, Rain Gutters
Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Association Fee: $190, Fee Frequency: Monthly, Amenities: Cable TV, Fitness Center, Pool, Shuffleboard Court
Building Details
Year Built
1996
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY - ELITE PARTNERS II
(352) 419-0200
Listed By:
Katie Spires, PA · License #3235260
(352) 212-3673
Source:
Miharaandassociates
Added: Jul 23
Changed: Sep 10
Last Checked: Sep 10 at 5:27AM
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 KELLER WILLIAMS REALTY - ELITE PARTNERS II
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units under one roof. One side features a 2-bedroom, 1-bath layout, and the other has 1 bedroom and 1 bath. Both units include their own private entrance, a 1-car garage, and easy-to-maintain tile flooring throughout.
The property’s major updates have been addressed, including a 2016 roof, 2017 HVAC, a water heater approximately two years old, and new appliances. The exterior was painted approximately 4 to 5 years ago, and the home has received routine preventative termite treatments every seven years.
With two front doors and two garages, the configuration is set up for convenient day-to-day independence between the units.
The property’s major updates have been addressed, including a 2016 roof, 2017 HVAC, a water heater approximately two years old, and new appliances. The exterior was painted approximately 4 to 5 years ago, and the home has received routine preventative termite treatments every seven years.
With two front doors and two garages, the configuration is set up for convenient day-to-day independence between the units.
Key Highlights
- Tarawood duplex built in 1996 with two separate units, each with a private entrance and 1‑car garage
- Unit mix: one 2‑bedroom/1‑bath layout and one 1‑bedroom/1‑bath layout
- Updates include a 2016 roof and 2017 HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,217
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,340
$344.3K
Cap Rate 7%
$245,957
$246.0K
Cap Rate 9%
$191,300
$191.3K
Market Conditions
NOI Build-Up for 1,886 SF
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.
Gross rent
$26.0K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.6K $13.04/SF
− OpEx
−$7.4K −$3.91/SF
NOI
$17.2K $9.13/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,340
Cap Rate 7%
$245,957
Cap Rate 9%
$191,300
Alternative Uses
Best Use
Multifamily LT 5
$246.0K
$215.2K – $287.0K
NOI $17,217 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.3K
NOI $15,796 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$423.8K
$370.8K – $494.4K
NOI $29,665 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Tarawood duplex includes two separate units with private entrances and 1-car garages, updated major systems and appliances.
Where is this duplex located?
The property is located at 10407 S DREW BRYANT CIRCLE Floral City, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Tarawood duplex built in 1996 with two separate units, each with a private entrance and 1‑car garage; Unit mix: one 2‑bedroom/1‑bath layout and one 1‑bedroom/1‑bath layout; Updates include a 2016 roof and 2017 HVAC
