Well-Maintained Duplex Income
420 BIG CEDAR WAY Brandon, FL 33510
New
For Sale
$430,000
Duplex income property with two long-term tenants, including recent lease renewal activity.
Property Size1,845 SF
Price / SF$233.06
Days on Market4
Property Features for 420 BIG CEDAR WAY
General Information
Standard status
Active
Size
1,845 SF
Property subtype
Duplex
Building Details
Year Built
1984
Listing Agency:
SIGNATURE REALTY ASSOCIATES
(813) 689-3115
Listed By:
James Lathrop · License #463974
Source:
Miharaandassociates
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 27 at 9:38AM
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 SIGNATURE REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
This well-maintained duplex income property is being offered by a relocated owner. The building features two rental units, with tenant occupancy that is already established. One tenant has been in their apartment for two years and recently renewed their lease, while the second tenant has been in place for five years and is scheduled to renew in September.
The property is located at 420 Big Cedar Way in Brandon, Florida. It offers a straightforward, income-oriented setup with existing in-place tenants and documented renewal timing.
As an income property, the current configuration is designed for continued rental operations based on the tenants’ ongoing leases and upcoming renewal schedule.
The property is located at 420 Big Cedar Way in Brandon, Florida. It offers a straightforward, income-oriented setup with existing in-place tenants and documented renewal timing.
As an income property, the current configuration is designed for continued rental operations based on the tenants’ ongoing leases and upcoming renewal schedule.
Key Highlights
- Duplex income property built in 1984
- Two long‑term tenants: one has been in the unit for 2 years and just renewed their lease
- Second tenant has been in the unit for 5 years and plans to renew their lease in September
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $19.80 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $34.7k | $18.82 |
| − OpEx | −$10.4k | −$5.65 |
| NOI | $24.3k | $13.18 |
1,845 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$347.3K
$303.9K – $405.1K
NOI $24,308 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$310.0K
$271.3K – $361.7K
NOI $21,702 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$694.1K
$607.3K – $809.7K
NOI $48,584 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex income property with two long-term tenants, including recent lease renewal activity.
Where is this duplex located?
The property is located at 420 BIG CEDAR WAY Brandon, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Duplex income property built in 1984; Two long‑term tenants: one has been in the unit for 2 years and just renewed their lease; Second tenant has been in the unit for 5 years and plans to renew their lease in September
