Single-Story
13713 Josephine Avenue, Lake Placid, FL 33852
For Sale
$149,000
The 1963 property has upgraded windows, a new roof and refreshed exterior paint.
Property Size1,092 SF
Price / SF$136.45
Days on Market76
Property Features for 13713 Josephine Avenue
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
C&J Realty Inc.
Listed By:
Abdul S Wahid · License FL #3079801
(561) 753-6753
Source:
Wycliffecommunityrealty
Added: Aug 27
Changed: Nov 10
Last Checked: Nov 9 at 7:54PM
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 C&J Realty Inc.
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Investment Insights
Based on property information with market context.
Built in 1963, this single-level duplex contains 1,092 square feet. Its interior lacks sheetrock, a bathroom, a kitchen and electrical service, leaving substantial interior work to be completed. Improvements include new windows, a new roof and fresh exterior paint.
Key Highlights
- 1,092‑square‑foot duplex
- Single‑story building constructed in 1963
- Interior has no sheetrock, bathroom, kitchen or electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,863
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,260
$197.3K
Cap Rate 7%
$140,900
$140.9K
Cap Rate 9%
$109,589
$109.6K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$15.1K $13.80/SF
− Vacancy
−$980 −$0.90/SF
EGI
$14.1K $12.90/SF
− OpEx
−$4.2K −$3.87/SF
NOI
$9.9K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,260
Cap Rate 7%
$140,900
Cap Rate 9%
$109,589
Alternative Uses
Best Use
Multifamily LT 5
$140.9K
$123.3K – $164.4K
NOI $9,863 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$130.9K
$114.6K – $152.8K
NOI $9,165 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$227.2K
$198.8K – $265.1K
NOI $15,903 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 33852, FL
21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Highlands County, FL
Properties on Market for Duplexes in Highlands County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1963 property has upgraded windows, a new roof and refreshed exterior paint.
Where is this duplex located?
The property is located at 13713 Josephine Avenue Lake Placid, FL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 1,092‑square‑foot duplex; Single‑story building constructed in 1963; Interior has no sheetrock, bathroom, kitchen or electrical service
