Renovated Duplex with Private
For Sale
$425,000
Pending
11411 COLONY HILL DRIVE, Seffner, FL 33584
Two-unit residential income property with updated kitchens, separate parking, private outdoor areas, and month-to-month tenancy.
Property Size1,705 SF
Days on Market803
Property Features for 11411 COLONY HILL DRIVE
General Information
Standard status
Pending
Size
1,705 SF
Property subtype
Multi Family
Additional Details
Gross Income
$37,200
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,956
Amenities
separate parking
storage shed
private backyard
Building Details
Year Built
1982
Buildings
1
Listing Agency:
FRANK ALBERT REALTY
Listed By:
Frank Albert · License #3245774
(813) 546-2503
Source:
Exitrealty
Added: Aug 3, 2024
Changed: Sep 2
Last Checked: Sep 15 at 4:46AM
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 FRANK ALBERT REALTY
Investment Insights
Based on property information with market context.
This 1,705-square-foot duplex, built in 1982, has updated interiors across both units. Each side includes wood-look tile flooring, an open living arrangement, contemporary fixtures, and renovated kitchens with granite counters, added storage, and newer appliances. Air-conditioning systems were completed in approximately 2020/2021, and one unit has newer windows. A new roof was installed in November, 2022.
The property provides separate parking areas, individual backyards, and a large storage shed for each unit. A brand new well serves the property. Both residences are currently occupied under month-to-month leases, and each tenant has expressed interest in renewing. The duplex is located at 11411 COLONY HILL DRIVE, SEFFNER, FL 33584.
The property provides separate parking areas, individual backyards, and a large storage shed for each unit. A brand new well serves the property. Both residences are currently occupied under month-to-month leases, and each tenant has expressed interest in renewing. The duplex is located at 11411 COLONY HILL DRIVE, SEFFNER, FL 33584.
Key Highlights
- 1,705‑square‑foot duplex built in 1982
- Updated kitchens with granite countertops, storage, and newer appliances
- Air‑conditioning systems completed in approximately 2020/2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,901
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,020
$398.0K
Cap Rate 7%
$284,300
$284.3K
Cap Rate 9%
$221,122
$221.1K
Market Conditions
NOI Build-Up for 1,705 SF
Gross rent
$30.5K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.4K $16.67/SF
− OpEx
−$8.5K −$5.00/SF
NOI
$19.9K $11.67/SF
Area
Hillsborough 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%
$398,020
Cap Rate 7%
$284,300
Cap Rate 9%
$221,122
Alternative Uses
Best Use
Multifamily LT 5
$284.3K
$248.8K – $331.7K
NOI $19,901 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$224.0K
$196.0K – $261.4K
NOI $15,681 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$493.8K
$432.1K – $576.1K
NOI $34,565 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33584, FL
27,503
Population
10,906
Households
2.5
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
1,432
Density / Sq Mi
$68,330
Median Household Income
$42,648
Median Earnings
$1,379
Median Rent
$280,700
Median Home Value
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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-unit residential income property with updated kitchens, separate parking, private outdoor areas, and month-to-month tenancy.
Where is this duplex located?
The property is located at 11411 COLONY HILL DRIVE Seffner, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,705‑square‑foot duplex built in 1982; Updated kitchens with granite countertops, storage, and newer appliances; Air‑conditioning systems completed in approximately 2020/2021
