Four-Plex Residential Income
For Sale
$890,000
Pending
108 BOOTH Ln, Kissimmee, FL 34743
Well-maintained four-unit property with four 2-bedroom, 2-bathroom units and dedicated parking for each unit.
Property Size3,396 SF
Days on Market92
Property Features for 108 BOOTH Ln
General Information
Standard status
Pending
Size
3,396 SF
Total Parking Spaces
8
Property subtype
Investment
Lease Term
12 months
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,300
Building Details
Building Size
3,396 SF
Year Built
1976
Units
4
Tenancy
Multi
Listing Agency:
365 Realty
Listed By:
Vanessa Rivera Laboy · License #3309362
(407) 766-8093
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Sep 1 at 8:09PM
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 365 Realty
Investment Insights
Based on property information with market context.
This four-plex is offered as-is and features four spacious units, each with two bedrooms and two bathrooms. The property is described as well-maintained, with functional layouts intended for comfortable everyday living. The listing also notes dedicated parking spaces for every unit, a practical feature for tenant convenience and day-to-day use.
The property is located in Kissimmee, close to shopping, dining, schools, and major highways. It is also positioned near Central Florida attractions, with a stated short drive to Lake Nona Medical City and Lake Nona Hospital.
For buyers seeking a small multifamily asset, this configuration provides a straightforward 4-unit rental setup with consistent unit mix across the building. The parking arrangement and maintained condition may support tenant day-to-day satisfaction, while the location context can be relevant for prospective renters who value nearby services and commuter access.
The property is located in Kissimmee, close to shopping, dining, schools, and major highways. It is also positioned near Central Florida attractions, with a stated short drive to Lake Nona Medical City and Lake Nona Hospital.
For buyers seeking a small multifamily asset, this configuration provides a straightforward 4-unit rental setup with consistent unit mix across the building. The parking arrangement and maintained condition may support tenant day-to-day satisfaction, while the location context can be relevant for prospective renters who value nearby services and commuter access.
Key Highlights
- 1976‑built 4‑plex with four units, each featuring 2 bedrooms and 2 bathrooms
- Each unit includes two dedicated parking spaces for tenant convenience
- Well‑maintained multifamily property designed as an income‑producing 4‑unit rental
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
$36,007
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
4.05%
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%
$720,140
$720.1K
Cap Rate 7%
$514,386
$514.4K
Cap Rate 9%
$400,078
$400.1K
Market Conditions
NOI Build-Up for 3,396 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
$55.0K $16.20/SF
− Vacancy
−$3.6K −$1.05/SF
EGI
$51.4K $15.15/SF
− OpEx
−$15.4K −$4.54/SF
NOI
$36.0K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$720,140
Cap Rate 7%
$514,386
Cap Rate 9%
$400,078
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$459.5K
$402.1K – $536.1K
NOI $32,167 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$816.1K
$714.1K – $952.1K
NOI $57,126 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 34743, FL
38,454
Population
13,307
Households
2.9
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
5,573
Density / Sq Mi
$59,186
Median Household Income
$34,640
Median Earnings
$1,738
Median Rent
$277,700
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?
Quadplex - Well-maintained four-unit property with four 2-bedroom, 2-bathroom units and dedicated parking for each unit.
Where is this quadplex located?
The property is located at 108 BOOTH Ln Kissimmee, FL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 1976‑built 4‑plex with four units, each featuring 2 bedrooms and 2 bathrooms; Each unit includes two dedicated parking spaces for tenant convenience; Well‑maintained multifamily property designed as an income‑producing 4‑unit rental
