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
Lot Size0.22 Acres
Days on Market275
Property Features for 111 E HARVARD St
General Information
Standard status
Active
Size
2,104 SF
Lot size
0.22 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$105
Building Details
Building Size
2,104 SF
Year Built
2025
Units
2
Listing Agency:
(904) 656-3551
Listed By:
Valeria Diaz Sequera
(904) 656-3551
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 27
Last Checked: Aug 28 at 6:29PM
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 Valeria Diaz Sequera
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 = 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
$19,207
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
4.80%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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.
