Davenport Dual-Unit Investment
668 CARIBBEAN DRIVE, Davenport, FL 33897
Dual-unit property near Disney, ideal for short-term rentals.
Type:Condo/Townhome
Property size:
1,748 SFLot size:
0.02 AcresPrice / SF:
$157/SF- Added:
- Mar 23, 2026
- Days on Market:
- 68
- Last Refresh:
- Apr 6 at 12:05 am
Property Features for 668 CARIBBEAN DRIVE
General Information
- Standard status
- Active
- Size
- 1,748 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2002
Listing agent Rafael Lopez Colon License #3487225
Listing office LPT REALTY, LLC (877) 366-2213
Listing date Mar 23, 2026
Source Exitrealty
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 LPT REALTY, LLC
HighLights
- Dual‑unit property offering flexibility for living in one unit and renting the other, or maximizing rental income.
- Short‑term rentals allowed, providing a lucrative investment opportunity.
- Prime location: Enjoy being just 10‑12 miles from Disney parks and 0.9 miles from Publix and dining.
- Unit A: Features 3 bedrooms and 2 bathrooms with an open view from the living room.
- Enjoy community amenities including a newly remodeled basketball court, tennis/pickleball courts, and a large pool.
- Unit B: Studio‑style unit with 1 bedroom and 1 bathroom, suitable for guests or rental.
Overview
This dual-unit property presents a versatile investment opportunity. Unit A features 3 bedrooms and 2 bathrooms, offering a comfortable living space with an open view from the living room. Unit B is a studio-style unit with 1 bedroom and 1 bathroom. The property's flexibility allows for various uses, including living in one unit and renting out the other, or maximizing its potential as an investment property. Short-term rentals are permitted in the community. Community amenities include a remodeled basketball court, tennis/pickleball courts, and a pool. Located approximately 10-12 miles from Disney parks and 0.9 miles from Publix and dining options, the property offers a convenient location. The property size is 1748 square feet.
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 | $28.3k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $26.5k | $15.15 |
| − OpEx | −$7.9k | −$4.54 |
| NOI | $18.5k | $10.60 |
1,748 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $308.9K
NOI $18,534 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$236.5K
$207.0K – $276.0K
NOI $16,557 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$420.1K
$367.6K – $490.1K
NOI $29,404 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Polk
- State
- Florida
- Longitude
- -81.6799717
- Latitude
- 28.3132865
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Dual-unit property near Disney, ideal for short-term rentals.
Where is this short term rental property located?
The property is located at 668 CARIBBEAN DRIVE Davenport, FL.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Dual‑unit property offering flexibility for living in one unit and renting the other, or maximizing rental income.; Short‑term rentals allowed, providing a lucrative investment opportunity.; Prime location: Enjoy being just 10‑12 miles from Disney parks and 0.9 miles from Publix and dining.
