Duplex with Three-Bedroom
For Sale
$385,900
1412-1414 W 12th ST, Lehigh Acres, FL 33972
One residence is leased, while the other is vacant and available for occupancy or a new tenant.
Property Size2,300 SF
Days on Market13
Property Features for 1412-1414 W 12th ST
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,685
Building Details
Building Size
2,300 SF
Year Built
2005
Listing Agency:
South Florida Trust Realty, In
Listed By:
Sergio Fernandez · License #279644432
(305) 302-2506
Source:
Kwelevate
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 16 at 2:12PM
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 South Florida Trust Realty, In
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Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains two residences, each with three bedrooms and two bathrooms, for a combined total of six bedrooms and four bathrooms. One unit is occupied by a tenant; the other is vacant and available for a new occupant.
The two-unit configuration provides a choice between occupying one residence while retaining a tenant in the other, or leasing both units. The property is located in Lehigh Acres, Florida.
The two-unit configuration provides a choice between occupying one residence while retaining a tenant in the other, or leasing both units. The property is located in Lehigh Acres, Florida.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 6 bedrooms and 4 bathrooms across the duplex
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,443
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,860
$608.9K
Cap Rate 7%
$434,900
$434.9K
Cap Rate 9%
$338,256
$338.3K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$45.5K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$43.5K $18.91/SF
− OpEx
−$13.0K −$5.67/SF
NOI
$30.4K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,860
Cap Rate 7%
$434,900
Cap Rate 9%
$338,256
Alternative Uses
Best Use
Multifamily LT 5
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$403.0K
$352.7K – $470.2K
NOI $28,212 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$723.9K
$633.4K – $844.6K
NOI $50,674 @ 7.0% cap · market cap 13.13%
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
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 33972, FL
14,727
Population
5,422
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
25.3 sq mi
ZIP Area
582
Density / Sq Mi
$73,239
Median Household Income
$40,058
Median Earnings
$1,537
Median Rent
$290,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other is vacant and available for occupancy or a new tenant.
Where is this duplex located?
The property is located at 1412-1414 W 12th ST Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $385,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 6 bedrooms and 4 bathrooms across the duplex; Built in 2005
