Duplex on Oversized Corner
5507 RIDDLE ROAD Holiday, FL 34690
5507 RIDDLE ROAD, Holiday, FL, 34690
$378,000
For Sale
$378,000
Spacious 2,400 sq ft duplex with two units on an oversized corner lot, including a screened front porch.
Property Size2,406 SF
Price / SF$157.11
Days on Market724
Property Features for 5507 RIDDLE ROAD
General Information
- Standard status
- Active
- Size
- 2,406 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1975
Listing agency
THOMPSON AND THOMPSON REALTY
(813) 728-0910
Listed by
Albert Thompson · License #3100048
(813) 728-0910
Source
Exitrealty
Added: Jul 28, 2024 Updated: Jul 21 at 2:34AM Checked: Jul 21 at 3:14AM
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 THOMPSON AND THOMPSON REALTY
Investment Insights
Based on property information with market context.
This duplex offers two separate residences on an oversized corner lot, totaling approximately 2,400 square feet. Unit A has four bedrooms and one bathroom and is currently vacant, with ceramic tile flooring throughout and a recently updated kitchen featuring solid wood cabinets, cork countertops, and stainless steel appliances. Unit A also includes a screened-in front porch.
Unit B has two bedrooms and one bathroom and is currently occupied by a long-term tenant on a month-to-month lease. Tenants are responsible for all utilities.
The property is positioned with easy access to major highways and nearby shopping, restaurants, and local amenities, supporting steady rental demand for a residential income setup or flexible multi-generational occupancy.
Unit B has two bedrooms and one bathroom and is currently occupied by a long-term tenant on a month-to-month lease. Tenants are responsible for all utilities.
The property is positioned with easy access to major highways and nearby shopping, restaurants, and local amenities, supporting steady rental demand for a residential income setup or flexible multi-generational occupancy.
Key Highlights
- 2,400 SF duplex built in 1975 on an oversized corner lot, offering Unit A and Unit B separate living spaces.
- Unit A: 4 bed, 1 bath; recently updated with a brand‑new kitchen featuring solid wood cabinets, cork countertops, and stainless steel appliances.
- Unit A includes ceramic tile flooring throughout and a screened‑in front porch; currently vacant with projected market rent of $1,950/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 | $43.0k | $17.88 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $40.1k | $16.67 |
| − OpEx | −$12.0k | −$5.00 |
| NOI | $28.1k | $11.67 |
2,406 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$316.1K
$276.6K – $368.8K
NOI $22,128 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Spacious 2,400 sq ft duplex with two units on an oversized corner lot, including a screened front porch.
Where is this duplex located?
The property is located at 5507 RIDDLE ROAD Holiday, FL.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: 2,400 SF duplex built in 1975 on an oversized corner lot, offering Unit A and Unit B separate living spaces.; Unit A: 4 bed, 1 bath; recently updated with a brand‑new kitchen featuring solid wood cabinets, cork countertops, and stainless steel appliances.; Unit A includes ceramic tile flooring throughout and a screened‑in front porch; currently vacant with projected market rent of $1,950/month.
