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For sale
Duplexes
FL
Apopka
32703
1600/1602 CIMARRON HILLS DRIVE

Income-Producing Duplex with Garages

1600/1602 CIMARRON HILLS DRIVE Apopka, FL 32703

1600/1602 CIMARRON HILLS DRIVE, Apopka, FL, 32703

$515,000

For Sale

$515,000

Spacious duplex with private garages, ideal for investors.

Property Size2,326 SF

Price / SF$221.41

AddedApr 11, 2025

Days on Market461

Last RefreshJul 15 at 5:16 pm

Property Features for 1600/1602 CIMARRON HILLS DRIVE

General Information

Standard status: Active
Size: 2,326 SF
Property subtype: Multi Family

Building Details

Year Built: 1988

Listing office REAL BROKER, LLC

Listing date Apr 11, 2025

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 REAL BROKER, LLC

Investment Insights

Based on property information with market context.

This income-producing duplex features two generously sized units, each containing 2 bedrooms and 2 bathrooms, along with a bonus flex space and a private 1-car garage. The flexible layout is suited for investors or owner-occupants looking to rent out one unit while living in the other. Each unit features a spacious open floor plan, high ceilings, and abundant natural light. The interiors have been updated with low-maintenance tile flooring. Situated on a spacious corner lot, both units have private side and backyard spaces. The property is centrally located near shopping, dining, and commuter routes in Apopka, Florida. The property offers investment potential with everyday comfort.

Key Highlights

Income‑producing duplex featuring two 2‑bedroom, 2‑bathroom units.
Each unit includes a bonus flex space and private 1‑car garage.
Ideal for house hacking: live in one unit and rent the other.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$47.5k	$20.40
− Vacancy	−$3.1k	−$1.35
EGI	$44.3k	$19.05
− OpEx	−$13.3k	−$5.72
NOI	$31.0k	$13.34

2,326 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$443.2K

$387.8K – $517.1K (±1% cap)

NOI $31,023 @ 7.0% cap · market cap 6.02%

Second Best

Apartment 5plus

$408.1K

$357.1K – $476.1K (±1% cap)

NOI $28,564 @ 7.0% cap · market cap 5.55%

Theoretical Best

Office A

$661.9K

$579.2K – $772.2K (±1% cap)

NOI $46,334 @ 7.0% cap · market cap 9.00%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
FL
Apopka
32703
1600/1602 CIMARRON HILLS DRIVE

What type of property is this?

Duplex - Spacious duplex with private garages, ideal for investors.

Where is this duplex located?

The property is located at 1600/1602 CIMARRON HILLS DRIVE Apopka, FL.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: Income‑producing duplex featuring two 2‑bedroom, 2‑bathroom units.; Each unit includes a bonus flex space and private 1‑car garage.; Ideal for house hacking: live in one unit and rent the other.