Income-Producing Multifamily with
424 E WELCH ROAD Apopka, FL 32712
424 E WELCH ROAD, Apopka, FL, 32712
$849,000
For Sale
$849,000
Two leased homes on a single parcel are supported by agricultural infrastructure and a small air-conditioned warehouse.
Property Size2,008 SF
Price / SF$422.81
Days on Market754
Property Features for 424 E WELCH ROAD
General Information
- Standard status
- Active
- Size
- 2,008 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1986
Listing agency
COLDWELL BANKER REALTY
(407) 687-9136
Listed by
Ozzie Quiroz · License #3320505
(407) 687-9136
Source
Exitrealty
Added: Jun 29, 2024 Updated: Jul 21 at 7:11PM Checked: Jul 22 at 7:30AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This income-producing property includes two currently leased homes generating combined monthly income of $3,700, with leases in place through June and October 2026. The offering is paired with additional agricultural and operational improvements, including a 10,027 sq ft shade house with active irrigation, a new well pump, and an updated irrigation system. Additional onsite features include a 26’ x 18’ air-conditioned small warehouse, a 40’ storage container, and a T-pole with power-offering multiple avenues for future income generation or owner-user operations.
Per the listing, the property is zoned RCE and includes both 424 E Welch Road and 416 E Welch Road, which must be purchased together. Buyer to verify all room dimensions.
The combination of in-place rental income and agricultural infrastructure supports a property type that can be operated as-is or further developed through continued agricultural use and related business operations, subject to buyer verification and applicable requirements.
Per the listing, the property is zoned RCE and includes both 424 E Welch Road and 416 E Welch Road, which must be purchased together. Buyer to verify all room dimensions.
The combination of in-place rental income and agricultural infrastructure supports a property type that can be operated as-is or further developed through continued agricultural use and related business operations, subject to buyer verification and applicable requirements.
Key Highlights
- Nearly 5‑acre Apopka property with two currently leased homes generating $3,700/month combined
- Leases in place through June 2026 and October 2026 for the income‑producing homes
- Zoned RCE with on‑site agricultural infrastructure, including a 10,027 SF shade house and active irrigation
Local 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 | $41.0k | $20.40 |
| − Vacancy | −$2.7k | −$1.35 |
| EGI | $38.3k | $19.05 |
| − OpEx | −$11.5k | −$5.72 |
| NOI | $26.8k | $13.34 |
2,008 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.6K
$334.8K – $446.4K
NOI $26,782 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$352.3K
$308.2K – $411.0K
NOI $24,659 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$571.4K
$500.0K – $666.7K
NOI $39,999 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Anaheim Nursery
Garden Center
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two leased homes on a single parcel are supported by agricultural infrastructure and a small air-conditioned warehouse.
Where is this duplex located?
The property is located at 424 E WELCH ROAD Apopka, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Nearly 5‑acre Apopka property with two currently leased homes generating $3,700/month combined; Leases in place through June 2026 and October 2026 for the income‑producing homes; Zoned RCE with on‑site agricultural infrastructure, including a 10,027 SF shade house and active irrigation
