Duplex with Lake
For Sale
$415,000
260 S Central Ave, Umatilla, FL 32784
Both units are occupied, separately metered, and professionally managed.
Property Size2,160 SF
Price / SF$192.13
Days on Market175
Property Features for 260 S Central Ave
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$27,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,500
Amenities
central air
lake views
Building Details
Buildings
1
Construction
block construction
Tenancy
Multi
Listing Agency:
RLW REALTY
Listed By:
Logan Wilson · License #3248440
(352) 771-2560
Source:
Exprealty
Added: Apr 16
Changed: Oct 7
Last Checked: Oct 7 at 2:51PM
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 RLW REALTY
Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex in Umatilla contains two 2-bedroom, 2-bathroom units. Block construction, tile and laminate flooring, and central air are among its physical features. Both residences are tenant-occupied and have separate utilities, with professional management in place. Lake Enola views are also noted.
The property is in Flood Zone AE. A lot split is required for the sale, and final lot dimensions and taxes remain estimates. The adjacent lakefront home is also being offered for sale; purchasing both properties would avoid the split.
The property is in Flood Zone AE. A lot split is required for the sale, and final lot dimensions and taxes remain estimates. The adjacent lakefront home is also being offered for sale; purchasing both properties would avoid the split.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units in a 2,160‑square‑foot duplex
- Both units are tenant‑occupied and professionally managed
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,809
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,180
$576.2K
Cap Rate 7%
$411,557
$411.6K
Cap Rate 9%
$320,100
$320.1K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$44.1K $20.40/SF
− Vacancy
−$2.9K −$1.35/SF
EGI
$41.2K $19.05/SF
− OpEx
−$12.3K −$5.72/SF
NOI
$28.8K $13.34/SF
Area
Lake County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,180
Cap Rate 7%
$411,557
Cap Rate 9%
$320,100
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.1K – $480.2K
NOI $28,809 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$378.9K
$331.6K – $442.1K
NOI $26,525 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$614.7K
$537.8K – $717.1K
NOI $43,027 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 32784, FL
11,212
Population
4,971
Households
2.3
Avg Household Size
45
Median Age
12%
College-Educated
88%
High-School Grad
92.8 sq mi
ZIP Area
121
Density / Sq Mi
$69,633
Median Household Income
$40,247
Median Earnings
$1,082
Median Rent
$237,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, separately metered, and professionally managed.
Where is this duplex located?
The property is located at 260 S Central Ave Umatilla, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom units in a 2,160‑square‑foot duplex; Both units are tenant‑occupied and professionally managed; Separate utilities for each unit
