Residential Duplex with Impact
228 Hispanola Rd Tavernier, FL 33070
228 Hispanola Rd, Tavernier, FL, 33070
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For Sale
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Two separate two-bedroom, one-bath buildings; front unit is currently rented, while the back unit is vacant and move-in ready.
Property Size1,952 SF
Price / SF$409.32
Days on Market74
Property Features for 228 Hispanola Rd
General Information
- Standard status
- Active
- Size
- 1,952 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
Barbara Eads Realty Inc.
(305) 853-5982
Listed by
Barbara Eads · License #0414676
Source
Crexi
Added: May 9 Updated: Jul 21 at 5:02AM Checked: Jul 21 at 5:02AM
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 Barbara Eads Realty Inc.
Investment Insights
Based on property information with market context.
This residential duplex consists of two separate two-bedroom, one-bath buildings. The front building is currently rented at $2,200 per month and is leased through December, with the tenant indicating a desire to remain. The back building is vacant and described as just like new.
Both units include stainless steel appliances, washer and dryer, and laminate flooring, along with impact doors and impact windows. Each unit has central air, and both buildings have separate utilities with two water meters and two electric meters. The back yard is presently being landscaped.
The property is close to County Park, which offers a boat ramp, beach and swimming area, restrooms, BBQ areas, baseball fields, and basketball courts.
Both units include stainless steel appliances, washer and dryer, and laminate flooring, along with impact doors and impact windows. Each unit has central air, and both buildings have separate utilities with two water meters and two electric meters. The back yard is presently being landscaped.
The property is close to County Park, which offers a boat ramp, beach and swimming area, restrooms, BBQ areas, baseball fields, and basketball courts.
Key Highlights
- Two separate 2‑bedroom, 1‑bath buildings built in 1980
- Front building is currently rented for $2,200/month with tenants leased until December and wanting to stay
- Back building is vacant, just like new, and move‑in ready
Local 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 | $49.9k | $25.56 |
| − Vacancy | −$3.2k | −$1.63 |
| EGI | $46.7k | $23.93 |
| − OpEx | −$14.0k | −$7.18 |
| NOI | $32.7k | $16.75 |
1,952 SF · lease $25.56/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.1K
$408.8K – $545.0K
NOI $32,700 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$432.7K
$378.6K – $504.8K
NOI $30,290 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$785.2K
$687.0K – $916.0K
NOI $54,962 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate two-bedroom, one-bath buildings; front unit is currently rented, while the back unit is vacant and move-in ready.
Where is this duplex located?
The property is located at 228 Hispanola Rd Tavernier, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath buildings built in 1980; Front building is currently rented for $2,200/month with tenants leased until December and wanting to stay; Back building is vacant, just like new, and move‑in ready
