Turnkey Leased Duplex
773-775 SQUIRREL COURT Poinciana, FL 34759
773-775 SQUIRREL COURT, Poinciana, FL, 34759
$385,000
For Sale
$385,000
Duplex features two 2-bedroom, 2-bath units and is sold turnkey with recent appliance and roof updates.
Property Size2,110 SF
Price / SF$182.46
Days on Market608
Property Features for 773-775 SQUIRREL COURT
General Information
- Standard status
- Active
- Size
- 2,110 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2006
Listing agency
DMIC INVESTMENTS LLC
(407) 403-0774
Listed by
Kissandra Macanthony · License #3320400
(407) 403-0774
Source
Exitrealty
Added: Nov 21, 2024 Updated: Jul 21 at 2:31PM Checked: Jul 21 at 2:31PM
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 DMIC INVESTMENTS LLC
Investment Insights
Based on property information with market context.
This turnkey duplex is being offered for sale as a stabilized, income-producing property. The building includes two units, each with 2 bedrooms and 2 bathrooms. Recent improvements include updated washers, dryers, and refrigerators in both units, and a new roof installed in 2022.
Both units are currently leased on a month-to-month basis. The property’s configuration supports straightforward management as a duplex, with each unit operating independently within the same structure.
Located at 773–775 Squirrel Court, Poinciana, Florida 34759, the duplex is positioned to serve ongoing rental demand in the local area, with access to employers, schools, shopping, and transportation as described in the seller’s remarks.
Both units are currently leased on a month-to-month basis. The property’s configuration supports straightforward management as a duplex, with each unit operating independently within the same structure.
Located at 773–775 Squirrel Court, Poinciana, Florida 34759, the duplex is positioned to serve ongoing rental demand in the local area, with access to employers, schools, shopping, and transportation as described in the seller’s remarks.
Key Highlights
- Turnkey duplex built in 2006 with two units, each offering 2 bedrooms and 2 bathrooms
- Recently updated with new washers, dryers, and refrigerators in both units
- New roof installed in 2022
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 | $34.2k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $32.0k | $15.15 |
| − OpEx | −$9.6k | −$4.54 |
| NOI | $22.4k | $10.60 |
2,110 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$285.5K
$249.8K – $333.1K
NOI $19,986 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$507.1K
$443.7K – $591.6K
NOI $35,494 @ 7.0% cap · market cap 9.22%
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 - Duplex features two 2-bedroom, 2-bath units and is sold turnkey with recent appliance and roof updates.
Where is this duplex located?
The property is located at 773-775 SQUIRREL COURT Poinciana, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Turnkey duplex built in 2006 with two units, each offering 2 bedrooms and 2 bathrooms; Recently updated with new washers, dryers, and refrigerators in both units; New roof installed in 2022
