Fully Occupied
For Sale
$327,200
Pending
114 AUBURN ROAD, Auburndale, FL 33823
Separate lower and upper units provide distinct bedroom and bathroom layouts.
Property Size1,512 SF
Days on Market870
Property Features for 114 AUBURN ROAD
General Information
Standard status
Pending
Size
1,512 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$46,200
Taxes and HOA fees
Annual Taxes
$2,868
Building Details
Year Built
1951
Listing Agency:
KELLER WILLIAMS REALTY SMART 1
(863) 508-3000
Listed By:
Matt Mesimer · License #3333172
(863) 224-6999
Source:
Exitrealty
Added: May 30, 2024
Changed: Oct 7
Last Checked: Oct 7 at 9:52AM
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 KELLER WILLIAMS REALTY SMART 1
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Investment Insights
Based on property information with market context.
This duplex in Auburndale contains two occupied residential units arranged across lower and upper levels. The downstairs residence offers four bedrooms and two bathrooms, while the upstairs unit includes two bedrooms and one bathroom. Together, the units provide distinct layouts within a single multifamily property.
Constructed in 1951, the property is located at 114 Auburn Road in Auburndale, Florida. Both residences are currently occupied, providing an established two-unit configuration for a buyer seeking a residential income property.
Constructed in 1951, the property is located at 114 Auburn Road in Auburndale, Florida. Both residences are currently occupied, providing an established two-unit configuration for a buyer seeking a residential income property.
Key Highlights
- Both duplex units are fully occupied
- Downstairs unit includes 4 bedrooms and 2 bathrooms
- Upstairs unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,032
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,640
$320.6K
Cap Rate 7%
$229,029
$229.0K
Cap Rate 9%
$178,133
$178.1K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$24.5K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$22.9K $15.15/SF
− OpEx
−$6.9K −$4.54/SF
NOI
$16.0K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,640
Cap Rate 7%
$229,029
Cap Rate 9%
$178,133
Alternative Uses
Best Use
Multifamily LT 5
$229.0K
$200.4K – $267.2K
NOI $16,032 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$204.6K
$179.0K – $238.7K
NOI $14,322 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$363.3K
$317.9K – $423.9K
NOI $25,434 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate lower and upper units provide distinct bedroom and bathroom layouts.
Where is this duplex located?
The property is located at 114 AUBURN ROAD Auburndale, FL.
What is the asking price?
The asking price for this property is $327,200.
What are key features of this property?
This property features: Both duplex units are fully occupied; Downstairs unit includes 4 bedrooms and 2 bathrooms; Upstairs unit offers 2 bedrooms and 1 bathroom
