Duplex with Attached
New
For Sale
$379,900
111 E 12th St, Lehigh Acres, FL 33972
Two three-bedroom, two-bath units feature open living areas and garage washer and dryer hookups.
Property Size2,380 SF
Price / SF$159.62
Days on Market4
Property Features for 111 E 12th St
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Multi-Family
Building Details
Year Built
2007
Listing Agency:
Zivkovic & Associates
Listed By:
Judy Lock Caballero · License #258030636
(239) 896-0184
Source:
Swfloridapropertiesforsale
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:26PM
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 Zivkovic & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains two three-bedroom, two-bath units with a combined 2,380 square feet. Each unit has an open layout, with the kitchen facing the living room, and a garage with washer and dryer hookups.
The property is near Joel Boulevard, shopping, schools, and restaurants. Improvements include a new roof installed in 2023 and a new air-conditioning system in Unit 111.
The property is near Joel Boulevard, shopping, schools, and restaurants. Improvements include a new roof installed in 2023 and a new air-conditioning system in Unit 111.
Key Highlights
- Two units, each with three bedrooms and two bathrooms
- 2,380 square feet of property size
- Attached garage with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,502
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,040
$630.0K
Cap Rate 7%
$450,029
$450.0K
Cap Rate 9%
$350,022
$350.0K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$47.1K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.0K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.5K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,040
Cap Rate 7%
$450,029
Cap Rate 9%
$350,022
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 33972, FL
14,727
Population
5,422
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
25.3 sq mi
ZIP Area
582
Density / Sq Mi
$73,239
Median Household Income
$40,058
Median Earnings
$1,537
Median Rent
$290,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom, two-bath units feature open living areas and garage washer and dryer hookups.
Where is this duplex located?
The property is located at 111 E 12th St Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two units, each with three bedrooms and two bathrooms; 2,380 square feet of property size; Attached garage with washer and dryer hookups
