Updated Duplex with
For Sale
$515,000
Pending
2415 POWERS STREET, Palm Harbor, FL 34683
Two refreshed residential units offer flexible rental and multigenerational living arrangements.
Property Size1,568 SF
Days on Market694
Property Features for 2415 POWERS STREET
General Information
Standard status
Pending
Size
1,568 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,965
Building Details
Year Built
1982
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Amie Parcinski · License #3549251
(619) 955-0255
Source:
Exitrealty
Added: Nov 20, 2024
Changed: Sep 2
Last Checked: Oct 14 at 9:49PM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This 1,568-square-foot duplex, built in 1982, contains two residential units with matching layouts of two bedrooms and one bathroom. Each side includes its own garage. Recent improvements include remodeled kitchens with stainless steel appliances, updated cabinetry and countertops, renovated bathrooms, and replacement flooring throughout. Property systems have also received attention, including a new water heater, HVAC and duct cleaning, two new electrical panels, and additional electrical work.
The property has operated as a short-term rental through Airbnb and VRBO, with the business branding and rental history included in the sale. Its two-unit configuration supports continued rental use, owner occupancy of one side with the other rented, or multigenerational living.
The property has operated as a short-term rental through Airbnb and VRBO, with the business branding and rental history included in the sale. Its two-unit configuration supports continued rental use, owner occupancy of one side with the other rented, or multigenerational living.
Key Highlights
- Duplex with 2 units, each offering 2 bedrooms and 1 bathroom
- 1,568 SF building constructed in 1982
- Private garage included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,302
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,040
$366.0K
Cap Rate 7%
$261,457
$261.5K
Cap Rate 9%
$203,356
$203.4K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$28.0K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.1K $16.67/SF
− OpEx
−$7.8K −$5.00/SF
NOI
$18.3K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,040
Cap Rate 7%
$261,457
Cap Rate 9%
$203,356
Alternative Uses
Best Use
Multifamily LT 5
$261.5K
$228.8K – $305.0K
NOI $18,302 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$206.0K
$180.3K – $240.4K
NOI $14,421 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 34683, FL
33,453
Population
15,686
Households
2.1
Avg Household Size
49
Median Age
43%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
3,248
Density / Sq Mi
$90,037
Median Household Income
$53,330
Median Earnings
$1,655
Median Rent
$424,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residential units offer flexible rental and multigenerational living arrangements.
Where is this duplex located?
The property is located at 2415 POWERS STREET Palm Harbor, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Duplex with 2 units, each offering 2 bedrooms and 1 bathroom; 1,568 SF building constructed in 1982; Private garage included with each unit
