Updated Concrete Block
For Sale
$210,000
Pending
1167 MEMORIAL DRIVE, Avon Park, FL 33825
Two-unit residential property with modern interiors, screened porches, and recent mechanical and electrical improvements.
Property Size1,440 SF
Days on Market73
Property Features for 1167 MEMORIAL DRIVE
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Half Duplex
Building Details
Year Built
1985
Construction
concrete block
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Edna Colon · License #3288234
(813) 766-4876
Source:
Endlesssummerrealty
Added: Jul 27
Changed: Oct 6
Last Checked: Oct 7 at 1:15PM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This 1,440-square-foot concrete block duplex includes two residential units with updated interiors and practical low-maintenance construction. Both units feature vinyl plank flooring throughout, contemporary kitchens with epoxy countertops and stainless steel appliances, and updated exterior screened porches.
The property has a replaced roof from 2019, updated electrical systems from 2020, and fully updated AC units and ductwork. Built in 1985, the duplex combines recent building-system improvements with refreshed unit finishes.
The property has a replaced roof from 2019, updated electrical systems from 2020, and fully updated AC units and ductwork. Built in 1985, the duplex combines recent building-system improvements with refreshed unit finishes.
Key Highlights
- Two‑unit, 1,440‑square‑foot concrete block duplex
- Roof replaced in 2019
- Electrical systems updated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,006
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,120
$260.1K
Cap Rate 7%
$185,800
$185.8K
Cap Rate 9%
$144,511
$144.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.9K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$18.6K $12.90/SF
− OpEx
−$5.6K −$3.87/SF
NOI
$13.0K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,120
Cap Rate 7%
$185,800
Cap Rate 9%
$144,511
Alternative Uses
Best Use
Multifamily LT 5
$185.8K
$162.6K – $216.8K
NOI $13,006 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$172.7K
$151.1K – $201.4K
NOI $12,086 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$299.6K
$262.1K – $349.5K
NOI $20,971 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
Check the figures for this property
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 - Two-unit residential property with modern interiors, screened porches, and recent mechanical and electrical improvements.
Where is this duplex located?
The property is located at 1167 MEMORIAL DRIVE Avon Park, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit, 1,440‑square‑foot concrete block duplex; Roof replaced in 2019; Electrical systems updated in 2020
