Two-Unit Duplex with Updated
For Sale
$399,997
366 DUNDEE DRIVE, Poinciana, FL 34759
Rented residential income property with two matching two-bedroom, two-bath layouts and a mix of tile and vinyl flooring.
Property Size1,930 SF
Price / SF$207.25
Days on Market51
Property Features for 366 DUNDEE DRIVE
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1990
Listing Agency:
SELL-N-SAVE2
(407) 709-1976
Listed By:
Steve Shurba · License #321149
(407) 344-9407
Source:
Dennisrealty
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 19 at 10:24AM
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 SELL-N-SAVE2
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Investment Insights
Based on property information with market context.
This 1,930-square-foot duplex, built in 1990, contains two residential units with the same two-bedroom, two-bath arrangement. Flooring is a combination of tile and vinyl throughout. One residence features tile flooring across the unit and a kitchen finished with recently added granite countertops. The second includes tile and vinyl flooring, newer kitchen cabinetry, and granite on most cabinetry serving wet areas.
The property is located at 366 Dundee Drive in Poinciana, Florida. Both units have a history of consistent occupancy, providing an established duplex configuration for residential income use. The two-unit layout and separate living spaces offer a straightforward multifamily format.
The property is located at 366 Dundee Drive in Poinciana, Florida. Both units have a history of consistent occupancy, providing an established duplex configuration for residential income use. The two-unit layout and separate living spaces offer a straightforward multifamily format.
Key Highlights
- 1,930 SF duplex on a 0.44‑acre site
- Two units, each with 2 bedrooms and 2 bathrooms
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,464
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,280
$409.3K
Cap Rate 7%
$292,343
$292.3K
Cap Rate 9%
$227,378
$227.4K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$31.3K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$29.2K $15.15/SF
− OpEx
−$8.8K −$4.54/SF
NOI
$20.5K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,280
Cap Rate 7%
$292,343
Cap Rate 9%
$227,378
Alternative Uses
Best Use
Multifamily LT 5
$292.3K
$255.8K – $341.1K
NOI $20,464 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$261.2K
$228.5K – $304.7K
NOI $18,281 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$463.8K
$405.8K – $541.1K
NOI $32,466 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
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Business Placement
Demographics for 34759, FL
42,067
Population
17,391
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
75.4 sq mi
ZIP Area
558
Density / Sq Mi
$62,373
Median Household Income
$29,959
Median Earnings
$1,670
Median Rent
$271,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Rented residential income property with two matching two-bedroom, two-bath layouts and a mix of tile and vinyl flooring.
Where is this duplex located?
The property is located at 366 DUNDEE DRIVE Poinciana, FL.
What is the asking price?
The asking price for this property is $399,997.
What are key features of this property?
This property features: 1,930 SF duplex on a 0.44‑acre site; Two units, each with 2 bedrooms and 2 bathrooms; Built in 1990
