New Inverness Duplex Investment
For Sale
$399,900
111 E Harvard St, Inverness, FL 34452
Newly built duplex with tenants, ideal for investors.
Property Size2,104 SF
Price / SF$190.07
Days on Market464
Property Features for 111 E Harvard St
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$105
Listing Agency:
suncoast property management l
(904) 517-5939
Listed By:
Kelly Hicks · License #3021641
(904) 667-4459
Source:
Exprealty
Added: Jul 8, 2025
Changed: Oct 13
Last Checked: Oct 12 at 10:59PM
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 suncoast property management l
Investment Insights
Based on property information with market context.
This newly built duplex property, offered by Southern Impression Homes, presents an investment opportunity with qualified tenants already in place for both units. The property qualifies for investor rates as low as 3.75 with an APR of 5.346 and zero points on a 10-year ARM through exclusive in-house financing. As part of the Builder Program, the property benefits from 2 years of free property management. Additionally, financing obtained with Southern Impression Homes includes 3 months of rent protection. Located in Inverness, Florida, this property offers a chance to secure low rates and hassle-free management with brand-new construction.
Key Highlights
- Qualified tenants in place offering immediate rental income.
- Exclusive in‑house financing with rates as low as 3.75% ARM.
- Newly built in 2025, minimizing maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,207
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,140
$384.1K
Cap Rate 7%
$274,386
$274.4K
Cap Rate 9%
$213,411
$213.4K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$29.0K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.4K $13.04/SF
− OpEx
−$8.2K −$3.91/SF
NOI
$19.2K $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 Rate 5%
$384,140
Cap Rate 7%
$274,386
Cap Rate 9%
$213,411
Alternative Uses
Best Use
Multifamily LT 5
$274.4K
$240.1K – $320.1K
NOI $19,207 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$251.7K
$220.3K – $293.7K
NOI $17,622 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$472.8K
$413.7K – $551.6K
NOI $33,094 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 34452, FL
12,405
Population
6,353
Households
2
Avg Household Size
51
Median Age
14%
College-Educated
92%
High-School Grad
58.9 sq mi
ZIP Area
211
Density / Sq Mi
$58,199
Median Household Income
$39,339
Median Earnings
$1,182
Median Rent
$207,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with tenants, ideal for investors.
Where is this duplex located?
The property is located at 111 E Harvard St Inverness, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Qualified tenants in place offering immediate rental income.; Exclusive in‑house financing with rates as low as 3.75% ARM.; Newly built in 2025, minimizing maintenance.
