Duplex with RV
For Sale
$674,000
411 Dove Ave #101, Rockledge, FL 32955
Residential mixed-use duplex with rental income, dedicated living spaces, laundry, oversized garages, and substantial storage.
Property Size1,840 SF
Price / SF$366.30
Days on Market48
Property Features for 411 Dove Ave #101
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Multi-Family
Building Details
Year Built
2014
Listing Agency:
C Smith Real Estate Group
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 4 at 1:09PM
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 C Smith Real Estate Group
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Investment Insights
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Built in 2014, this 1,840-square-foot duplex contains two matching 1-bedroom, 1-bathroom units. Each residence includes a full kitchen, living area, laundry, oversized RV garage, and substantial storage. One garage has air conditioning. Construction features insulated CBS walls and fire-rated doors and walls, while a new roof adds a recent building improvement.
The property is zoned Residential Mixed Use, allowing residential occupancy and qualifying commercial uses. A large paver area provides 4 additional parking spaces. Located at 411 Dove Ave #101 in Rockledge, the property offers access to I-95, Barton Blvd, and US-1. It is currently income producing and includes space suitable for an owner-user, investor, or business operator, subject to applicable zoning and use requirements.
The property is zoned Residential Mixed Use, allowing residential occupancy and qualifying commercial uses. A large paver area provides 4 additional parking spaces. Located at 411 Dove Ave #101 in Rockledge, the property offers access to I-95, Barton Blvd, and US-1. It is currently income producing and includes space suitable for an owner-user, investor, or business operator, subject to applicable zoning and use requirements.
Key Highlights
- Two identical 1BR/1BA units with full kitchens, living areas, and laundry
- 1,840 SF duplex built in 2014
- Oversized RV garages and substantial storage for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,349
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,980
$427.0K
Cap Rate 7%
$304,986
$305.0K
Cap Rate 9%
$237,211
$237.2K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$37.5K $20.40/SF
− Vacancy
−$3.4K −$1.84/SF
EGI
$34.2K $18.56/SF
− OpEx
−$12.8K −$6.96/SF
NOI
$21.3K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,980
Cap Rate 7%
$304,986
Cap Rate 9%
$237,211
Alternative Uses
Best Use
Mixed Use
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 3.17%
Second Best
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,954 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$485.4K
$424.8K – $566.4K
NOI $33,981 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
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 - Residential mixed-use duplex with rental income, dedicated living spaces, laundry, oversized garages, and substantial storage.
Where is this duplex located?
The property is located at 411 Dove Ave #101 Rockledge, FL.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: Two identical 1BR/1BA units with full kitchens, living areas, and laundry; 1,840 SF duplex built in 2014; Oversized RV garages and substantial storage for both units
