Well-Maintained Duplex With Two
9265 & 9267 N MENDOZA WAY Citrus Springs, FL 34434
For Sale
$360,000
Well-kept duplex on a spacious lot with both units currently leased and professionally managed.
Property Size1,750 SF
Lot Size0.23 Acres
Price / SF$205.71
Days on Market639
Property Features for 9265 & 9267 N MENDOZA WAY
General Information
- Standard status
- Active
- Size
- 1,750 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2008
Listing Agency:
DBT REALTY LLC
(305) 492-2646
Listed By:
Daniel Berndt · License #3345523
(305) 492-2646
Source:
Exitrealty
Added: Oct 24, 2024
Changed: Jul 22
Last Checked: Jul 24 at 6:18AM
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 DBT REALTY LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units on a spacious 0.23-acre lot. The property is described as thoughtfully designed and meticulously cared for, with consistent professional management intended to keep operations running smoothly.
The current total rent is approximately $2,025 for both units. Market rental rates are estimated at approximately $2,600 total, and it is projected that each unit could fetch approximately $1,300. Both units are currently leased, and please do not disturb the tenants.
As structured, the duplex presents an income-focused residential rental property with a clear comparison between current collected rent and estimated market rents.
The current total rent is approximately $2,025 for both units. Market rental rates are estimated at approximately $2,600 total, and it is projected that each unit could fetch approximately $1,300. Both units are currently leased, and please do not disturb the tenants.
As structured, the duplex presents an income-focused residential rental property with a clear comparison between current collected rent and estimated market rents.
Key Highlights
- Duplex built in 2008
- 0.23‑acre lot with both units professionally managed and currently leased
- Current total rent is approximately $2,025 for both units ($2,600 estimated at current market rates)
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 | $24.2k | $13.80 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $22.8k | $13.04 |
| − OpEx | −$6.8k | −$3.91 |
| NOI | $16.0k | $9.13 |
1,750 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$228.2K
$199.7K – $266.3K
NOI $15,975 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$209.4K
$183.2K – $244.3K
NOI $14,657 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$393.2K
$344.1K – $458.8K
NOI $27,525 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-kept duplex on a spacious lot with both units currently leased and professionally managed.
Where is this duplex located?
The property is located at 9265 & 9267 N MENDOZA WAY Citrus Springs, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Duplex built in 2008; 0.23‑acre lot with both units professionally managed and currently leased; Current total rent is approximately $2,025 for both units ($2,600 estimated at current market rates)
