Duplex With Two Rental
69 Buckskin Circle - Midway, FL 32343
69 Buckskin Circle -, Midway, FL, 32343
$220,000
For Sale
$220,000
Two-unit duplex with one occupied side and a second side under renovation for future rental income.
Property Size2,052 SF
Price / SF$107.21
Days on Market709
Property Features for 69 Buckskin Circle -
General Information
- Standard status
- Active
- Size
- 2,052 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2006
Listing agency
The Naumann Group Real Estate
(850) 545-2111
Listed by
Cole Davis · License #3357739
(850) 545-2111
Source
Exitrealty
Added: Aug 13, 2024 Updated: Jul 22 at 3:30PM Checked: Jul 22 at 3:30PM
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 The Naumann Group Real Estate
Investment Insights
Based on property information with market context.
This single duplex offers a two-unit layout. Unit A is currently rented, while Unit B is vacant and undergoing renovations and is expected to be ready for rent.
The property includes recent mechanical improvements, including a brand new HVAC system installed in 2023 for 69A.
Unit A is currently generating stated rental income, and the owner also has a path to stabilized occupancy by completing Unit B’s renovations for rental use.
The property includes recent mechanical improvements, including a brand new HVAC system installed in 2023 for 69A.
Unit A is currently generating stated rental income, and the owner also has a path to stabilized occupancy by completing Unit B’s renovations for rental use.
Key Highlights
- Two‑unit duplex built in 2006
- Unit A is occupied and rents for $1,250/month
- Unit B is vacant and under renovation, planned for $1,250/month rent
Local Financial Insights For Apartment 5plus
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 | $36.9k | $18.00 |
| − Vacancy | −$3.0k | −$1.44 |
| EGI | $34.0k | $16.56 |
| − OpEx | −$15.3k | −$7.45 |
| NOI | $18.7k | $9.11 |
2,052 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,690 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$503.1K
$440.2K – $586.9K
NOI $35,214 @ 7.0% cap · market cap 16.01%
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-unit duplex with one occupied side and a second side under renovation for future rental income.
Where is this duplex located?
The property is located at 69 Buckskin Circle - Midway, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2006; Unit A is occupied and rents for $1,250/month; Unit B is vacant and under renovation, planned for $1,250/month rent
