Updated Duplex with
1020 WISCONSIN AVENUE Saint Cloud, FL 34769
1020 WISCONSIN AVENUE, Saint Cloud, FL, 34769
$522,500
For Sale
$522,500
Two updated units on a corner lot, with separate addresses and utilities plus patios, carport, and storage shed.
Property Size2,288 SF
Price / SF$228.37
Days on Market581
Property Features for 1020 WISCONSIN AVENUE
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
MYGOODAGENT
(321) 246-8704
Listed by
Thomas Neubacher · License #3365636
(321) 246-8704
Source
Exitrealty
Added: Dec 18, 2024 Updated: Jul 21 at 7:39PM Checked: Jul 21 at 7:39PM
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 MYGOODAGENT
Investment Insights
Based on property information with market context.
This updated two-unit property offers a main residence and a separate guest/ADU with distinct addresses and utilities. The main home features an open, light-filled layout with refinished wood floors, a large living room, an updated kitchen with breakfast bar and views to the back patio, and a second set of stairs leading to the upper level with a loft area plus additional bedrooms and updated bathrooms. The ADU includes a living room, dining area, updated kitchen, a spacious bedroom with ample closet space, and an updated bathroom. Outdoors, the property includes front and back patios, a driveway, carport, and a large storage shed.
The property is situated on a corner lot on over a 1/3-acre. Updates listed for the main residence include an updated A/C system (2020) and gas tankless hot water (2019), along with items such as new ductwork and thermostats, expanded laundry room work, and a carport metal roof replacement in 2023. The guest residence includes updates such as new A/C (2024) and a new refrigerator (2024), plus other improvements including a porch update (2021) and an added washer/dryer combo (2019).
The property is situated on a corner lot on over a 1/3-acre. Updates listed for the main residence include an updated A/C system (2020) and gas tankless hot water (2019), along with items such as new ductwork and thermostats, expanded laundry room work, and a carport metal roof replacement in 2023. The guest residence includes updates such as new A/C (2024) and a new refrigerator (2024), plus other improvements including a porch update (2021) and an added washer/dryer combo (2019).
Key Highlights
- Two separate updated units with separate addresses and utilities on a 1/3+ acre corner lot
- Main residence is an updated 3 bed/2 bath with refinished wood floors, updated kitchen, and an upstairs loft
- Main residence updates include AC 2020, new ductwork and thermostats, gas tankless hot water 2019, and main drain line replacement 2019
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 | $46.7k | $20.40 |
| − Vacancy | −$3.1k | −$1.35 |
| EGI | $43.6k | $19.05 |
| − OpEx | −$13.1k | −$5.72 |
| NOI | $30.5k | $13.34 |
2,288 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.5K – $508.6K
NOI $30,516 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,097 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two updated units on a corner lot, with separate addresses and utilities plus patios, carport, and storage shed.
Where is this duplex located?
The property is located at 1020 WISCONSIN AVENUE Saint Cloud, FL.
What is the asking price?
The asking price for this property is $522,500.
What are key features of this property?
This property features: Two separate updated units with separate addresses and utilities on a 1/3+ acre corner lot; Main residence is an updated 3 bed/2 bath with refinished wood floors, updated kitchen, and an upstairs loft; Main residence updates include AC 2020, new ductwork and thermostats, gas tankless hot water 2019, and main drain line replacement 2019
