Side-by-Side
2410 MYRTLE AVENUE, Mims, FL 32754
For Sale
$250,000
Income property with two separately leased residences and updated major systems.
Property Size1,500 SF
Price / SF$166.67
Days on Market50
Property Features for 2410 MYRTLE AVENUE
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY
(407) 977-7600
Listed By:
Barrett Spray · License #590021
(407) 927-3650
Source:
Dennisrealty
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 7:00AM
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 ADVANTAGE REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units, each configured with two bedrooms and one bathroom. The units provide approximately 1,500 square feet combined and have been continuously occupied for 30 years. Both residences are currently subject to year-long leases.
The property was built in 1960 and has received notable system updates, including a roof replacement in 2013 and AC replacement in 2017. Located at 2410 Myrtle Avenue in Mims, Florida, the asset is positioned as a two-unit residential income property with an 8.5% cap rate.
The property was built in 1960 and has received notable system updates, including a roof replacement in 2013 and AC replacement in 2017. Located at 2410 Myrtle Avenue in Mims, Florida, the asset is positioned as a two-unit residential income property with an 8.5% cap rate.
Key Highlights
- Two‑unit side‑by‑side duplex with 2‑bedroom, 1‑bath layouts
- Approximately 1,500 square feet combined
- Both units are under year‑long leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,082
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,640
$341.6K
Cap Rate 7%
$244,029
$244.0K
Cap Rate 9%
$189,800
$189.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$26.1K $17.40/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$24.4K $16.27/SF
− OpEx
−$7.3K −$4.88/SF
NOI
$17.1K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,640
Cap Rate 7%
$244,029
Cap Rate 9%
$189,800
Alternative Uses
Best Use
Multifamily LT 5
$244.0K
$213.5K – $284.7K
NOI $17,082 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$219.4K
$191.9K – $255.9K
NOI $15,355 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 32754, FL
11,996
Population
5,657
Households
2.1
Avg Household Size
50
Median Age
20%
College-Educated
91%
High-School Grad
136.9 sq mi
ZIP Area
88
Density / Sq Mi
$69,960
Median Household Income
$41,758
Median Earnings
$1,004
Median Rent
$260,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Brevard County, FL
Properties on Market for Duplexes in Brevard County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income property with two separately leased residences and updated major systems.
Where is this duplex located?
The property is located at 2410 MYRTLE AVENUE Mims, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 2‑bedroom, 1‑bath layouts; Approximately 1,500 square feet combined; Both units are under year‑long leases
