Two-Home Rental
1170 S CENTRAL AVENUE Apopka, FL 32703
1170 S CENTRAL AVENUE, Apopka, FL, 32703
$585,000
For Sale
$585,000
Two detached, fully renovated residences on one lot, each with separate electric and water meters.
Property Size2,778 SF
Price / SF$210.58
Days on Market588
Property Features for 1170 S CENTRAL AVENUE
General Information
- Standard status
- Active
- Size
- 2,778 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing agency
FLORIDA HOMES REALTY & MTG
(321) 945-2936
Listed by
Harris Tyrell, Jr · License #3353776
(321) 945-2936
Source
Exitrealty
Added: Dec 11, 2024 Updated: Jul 21 at 4:58AM Checked: Jul 21 at 4:58AM
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 FLORIDA HOMES REALTY & MTG
Investment Insights
Based on property information with market context.
For sale at 1170 S Central Avenue in Apopka, this property includes two detached single-family residences on one lot, each with its own address, electric meter, and water meter. Both homes have been fully renovated and are being sold AS/IS. The current 3-bedroom and 4-bedroom homes are each tenant-occupied, with tenants living on the property for more than one year. The leases are currently month-to-month, and both tenants have indicated they would like to stay.
The 3-bedroom home is currently rented at $1,900 per month, and the 4-bedroom home is currently rented at $2,300 per month. This layout offers flexibility for an owner-occupant or an investor looking to lease one or both residences.
Each home has its own utility setup, which can simplify tenant management compared with a single shared-meter configuration. The property is designed to be readily rentable, with both residences renovated and ready for ongoing occupancy.
The 3-bedroom home is currently rented at $1,900 per month, and the 4-bedroom home is currently rented at $2,300 per month. This layout offers flexibility for an owner-occupant or an investor looking to lease one or both residences.
Each home has its own utility setup, which can simplify tenant management compared with a single shared-meter configuration. The property is designed to be readily rentable, with both residences renovated and ready for ongoing occupancy.
Key Highlights
- Two fully renovated detached single‑family homes on one lot (built 1940).
- 3‑bedroom home currently rented for $1,900/month.
- 4‑bedroom home currently rented for $2,300/month.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $20.40 |
| − Vacancy | −$3.7k | −$1.35 |
| EGI | $52.9k | $19.05 |
| − OpEx | −$15.9k | −$5.72 |
| NOI | $37.1k | $13.34 |
2,778 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.3K
$463.2K – $617.5K
NOI $37,052 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$487.4K
$426.4K – $568.6K
NOI $34,115 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$790.5K
$691.7K – $922.3K
NOI $55,338 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two detached, fully renovated residences on one lot, each with separate electric and water meters.
Where is this duplex located?
The property is located at 1170 S CENTRAL AVENUE Apopka, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two fully renovated detached single‑family homes on one lot (built 1940).; 3‑bedroom home currently rented for $1,900/month.; 4‑bedroom home currently rented for $2,300/month.
