Multifamily Property with Guest
2233 INDIGO Avenue Middleburg, FL 32068
New
For Sale
$389,000
Central Middleburg income property with a 3/2 manufactured home and a 2-story guest suite with separate electric.
Property Size3,781 SF
Lot Size1.14 Acres
Price / SF$102.88
Days on Market7
Property Features for 2233 INDIGO Avenue
General Information
Standard status
Active
Size
3,781 SF
Lot size
1.14 Acres
Property subtype
Duplex
Building Details
Year Built
1999
Listing Agency:
LOWEST FEE REALTY LLC
Listed By:
STEPHEN HACHEY
Source:
Endlesssummerrealty
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 28 at 9:42PM
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 LOWEST FEE REALTY LLC
Investment Insights
Based on property information with market context.
This multifamily property includes a 3-bedroom, 2-bath manufactured home with a split plan, a fireplace, and an open great room/kitchen layout. The home features a pantry and walk-in closets. A 2-story guest house provides a mother-in-law suite, multi-family/ADU-style setup, and an added workspace area, with a full bath and appliance hookups. Both units have separate addresses and electric service, along with mini-split HVAC and fiber internet access. A 6-foot privacy fence runs on both properties, and the offering is described as having no HOA and no CDD, with no water fees.
The property is located in central Middleburg and is currently producing rental income under a month-to-month arrangement with a tenant at 2233. Private financing is also noted as available.
For layout and operations, the two separate-address configurations support independent utility billing and flexible occupancy, while the combined setup is presented as suitable for multi-generational living or house-hacking.
The property is located in central Middleburg and is currently producing rental income under a month-to-month arrangement with a tenant at 2233. Private financing is also noted as available.
For layout and operations, the two separate-address configurations support independent utility billing and flexible occupancy, while the combined setup is presented as suitable for multi-generational living or house-hacking.
Key Highlights
- Income property on 1.14 acres in central Middleburg with 3/2 manufactured home (1,731 SF) plus a 2‑story guest house (2,050 SF).
- Manufactured home built in 1999 with split plan, fireplace, open great room/kitchen, pantry, and walk‑in closets.
- Guest house includes a mother‑in‑law suite, workspace, mini‑split HVAC, and a full bath with appliance hookups.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $14.16 |
| − Vacancy | −$5.7k | −$1.50 |
| EGI | $47.9k | $12.66 |
| − OpEx | −$14.4k | −$3.80 |
| NOI | $33.5k | $8.86 |
3,781 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.6K
$418.8K – $558.4K
NOI $33,505 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$422.2K
$369.4K – $492.5K
NOI $29,552 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.01M
$882.5K – $1.18M
NOI $70,599 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Central Middleburg income property with a 3/2 manufactured home and a 2-story guest suite with separate electric.
Where is this duplex located?
The property is located at 2233 INDIGO Avenue Middleburg, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Income property on 1.14 acres in central Middleburg with 3/2 manufactured home (1,731 SF) plus a 2‑story guest house (2,050 SF).; Manufactured home built in 1999 with split plan, fireplace, open great room/kitchen, pantry, and walk‑in closets.; Guest house includes a mother‑in‑law suite, workspace, mini‑split HVAC, and a full bath with appliance hookups.
