Updated Duplex With Private
For Sale
$575,000
2907 Apalachee Road, Palm Springs, FL 33406
Two occupied units feature refreshed kitchens and bathrooms.
Property Size1,690 SF
Days on Market114
Property Features for 2907 Apalachee Road
General Information
Standard status
Active
Size
1,690 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,791
Building Details
Building Size
1,690 SF
Year Built
1974
Tenancy
Multi
Listing Agency:
Compass Florida LLC
Listed By:
Blake B Rayner · License #3438544
(561) 252-2208
Source:
Darlenestreit
Added: Jul 15
Changed: Oct 31
Last Checked: Nov 4 at 8:14PM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains two leased units with tenants already in place. Both residences have updated kitchen and bathroom areas, and the property includes separate private backyards that provide outdoor space for each unit. Open parking areas serve the property, while the site also offers the option to expand.
The duplex is located in Palm Springs near restaurants, shops, and major highways. The beach and Wellington are each approximately 15 minutes away by car.
The duplex is located in Palm Springs near restaurants, shops, and major highways. The beach and Wellington are each approximately 15 minutes away by car.
Key Highlights
- Duplex with two tenants in place
- Updated kitchens and bathrooms in both units
- Separate private backyards for the residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,172
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,440
$563.4K
Cap Rate 7%
$402,457
$402.5K
Cap Rate 9%
$313,022
$313.0K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$42.6K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.2K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.2K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,440
Cap Rate 7%
$402,457
Cap Rate 9%
$313,022
Alternative Uses
Best Use
Multifamily LT 5
$402.5K
$352.2K – $469.5K
NOI $28,172 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$371.3K
$324.9K – $433.2K
NOI $25,991 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,313 @ 7.0% cap · market cap 14.49%
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 33406, FL
27,663
Population
9,426
Households
2.9
Avg Household Size
39
Median Age
24%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
3,180
Density / Sq Mi
$79,696
Median Household Income
$37,453
Median Earnings
$1,677
Median Rent
$358,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units feature refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 2907 Apalachee Road Palm Springs, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Duplex with two tenants in place; Updated kitchens and bathrooms in both units; Separate private backyards for the residences
