Side-by-Side
For Sale
$250,000
2410 MYRTLE Avenue, Mims, FL 32754
Residential Income, MIMS, FL
Property Size1,500 SF
Lot Size0.24 Acres
Price / SF$166.67
Days on Market8
Property Features for 2410 MYRTLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RU19
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Interior features
Eat-in Kitchen
Exterior features
Fence
Fencing
Fenced
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
PURYEAR WARD MIMS
Directions
46 E Drive to Myrtle Ave 2 min (0.4 mi) Continue onto E Main St Turn right onto Myrtle Ave Destination will be on the righ
Standard status
Active
APN
21 3517-52-*-65
Size
1,500 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PURYEAR WARD PLAT OF MIMS LOT 65
Tax Annual Amount
2515
Legal Description
PURYEAR WARD PLAT OF MIMS LOT 65
Utilities
Utilities
Cable Available
Sewer type
Septic Needed
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY · Keller Williams Realty
(407) 977-7600
Listed By:
Barrett Spray · License #SL590021
(407) 927-3650
Added: Sep 15
Changed: Sep 22
Last Checked: Sep 22 at 2:06PM
MLS# O6443480
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units, each arranged with 2 bedrooms and 1 bathroom. The units provide approximately 1,500 square feet combined on a 0.24-acre lot, with eat-in kitchens, central air, electric heat, block construction, and fenced exterior areas. Appliances include ranges, refrigerators, washers, and dryers. The property was built in 1960, with a shingle roof replaced in 2013 and AC systems replaced in 2017.
Both units are under year-long leases, and the duplex has remained continuously rented for 30 years. The property is zoned RU19 and served by public water, with septic needed. Cable is available, and the site is located in Mims, Florida.
Both units are under year-long leases, and the duplex has remained continuously rented for 30 years. The property is zoned RU19 and served by public water, with septic needed. Cable is available, and the site is located in Mims, Florida.
Key Highlights
- Two‑unit side‑by‑side duplex with 2 bedrooms and 1 bathroom per unit
- Approximately 1,500 square feet combined on a 0.24‑acre lot
- Both units under year‑long leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Zoned RU19 with two leased residential units, central air, eat-in kitchens, and fenced grounds.
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 bedrooms and 1 bathroom per unit; Approximately 1,500 square feet combined on a 0.24‑acre lot; Both units under year‑long leases
