Duplex with Inground
For Sale
$900,000
108 SHORE DRIVE, Longwood, FL 32779
Two-unit property with a full-size inground swimming pool near Lake Brantley.
Property Size3,248 SF
Price / SF$277.09
Days on Market54
Property Features for 108 SHORE DRIVE
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
pool
Building Details
Year Built
1975
Listing Agency:
WEATHERSPOON REALTY INC
(407) 878-4468
Listed By:
Veneita Knight, II · License #3226650
(407) 547-5024
Source:
Dennisrealty
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 24 at 6:12PM
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 WEATHERSPOON REALTY INC
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Investment Insights
Based on property information with market context.
This duplex at 108 Shore Drive in Longwood, Florida, contains 3248 square feet and was built in 1975. A full-size inground swimming pool adds an established outdoor amenity to the property.
The property is near Lake Brantley, with lakefront residences located across the street and sunset views identified in the surrounding area. The two-unit configuration supports several ownership approaches described for the property, including maintaining separate rental units, occupying one unit while renting the other, or using the home as a second residence. Its Central Florida setting and proximity to the lake provide relevant context for both owner-occupants and income-property buyers.
The property is near Lake Brantley, with lakefront residences located across the street and sunset views identified in the surrounding area. The two-unit configuration supports several ownership approaches described for the property, including maintaining separate rental units, occupying one unit while renting the other, or using the home as a second residence. Its Central Florida setting and proximity to the lake provide relevant context for both owner-occupants and income-property buyers.
Key Highlights
- Duplex at 108 SHORE DRIVE, LONGWOOD, FL 32779
- 3248 square feet of property size
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,320
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,400
$866.4K
Cap Rate 7%
$618,857
$618.9K
Cap Rate 9%
$481,333
$481.3K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$66.3K $20.40/SF
− Vacancy
−$4.4K −$1.35/SF
EGI
$61.9K $19.05/SF
− OpEx
−$18.6K −$5.72/SF
NOI
$43.3K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,400
Cap Rate 7%
$618,857
Cap Rate 9%
$481,333
Alternative Uses
Best Use
Multifamily LT 5
$618.9K
$541.5K – $722.0K
NOI $43,320 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$569.8K
$498.6K – $664.8K
NOI $39,886 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$924.3K
$808.8K – $1.08M
NOI $64,700 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 32779, FL
29,321
Population
11,644
Households
2.5
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
1,551
Density / Sq Mi
$115,931
Median Household Income
$59,849
Median Earnings
$1,925
Median Rent
$458,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a full-size inground swimming pool near Lake Brantley.
Where is this duplex located?
The property is located at 108 SHORE DRIVE Longwood, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Duplex at 108 SHORE DRIVE, LONGWOOD, FL 32779; 3248 square feet of property size; Built in 1975
