Two-Unit Duplex with
New
For Sale
$420,000
4281 AZORA, Spring Hill, FL 34608
Both residences offer three bedrooms, separate kitchens, and month-to-month tenancy.
Property Size2,220 SF
Price / SF$189.19
Days on Market5
Property Features for 4281 AZORA
General Information
Standard status
Active
Size
2,220 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,965
Amenities
concrete grilling pad
Building Details
Building Size
2,220 SF
Year Built
1988
Buildings
1
Tenancy
Multi
Listing Agency:
TROPIC SHORES REALTY LLC
Listed By:
Dan Dempsey · License #SL3243004
(352) 684-7371
Source:
Kingofrealestate
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 7:56AM
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 TROPIC SHORES REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two residences with a combined 2,220 square feet. Each side has three bedrooms, two bathrooms, and a one-car garage. The kitchens include a stove, refrigerator, and dishwasher, while laminate flooring runs through each unit. Each residence also has a concrete grilling pad.
Tenants rent month to month and pay their own utilities. The roof is approximately 8–10 years old.
Tenants rent month to month and pay their own utilities. The roof is approximately 8–10 years old.
Key Highlights
- Two‑unit duplex with 2,220 square feet total
- Each unit has 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Separate kitchens with a stove, refrigerator, and dishwasher in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,282
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,640
$505.6K
Cap Rate 7%
$361,171
$361.2K
Cap Rate 9%
$280,911
$280.9K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$38.6K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.1K $16.27/SF
− OpEx
−$10.8K −$4.88/SF
NOI
$25.3K $11.39/SF
Area
Spring Hill, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,640
Cap Rate 7%
$361,171
Cap Rate 9%
$280,911
Alternative Uses
Best Use
Multifamily LT 5
$361.2K
$316.0K – $421.4K
NOI $25,282 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$709.8K
$621.1K – $828.1K
NOI $49,685 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
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Business Placement
Demographics for 34608, FL
34,363
Population
15,253
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
15.2 sq mi
ZIP Area
2,261
Density / Sq Mi
$62,197
Median Household Income
$36,740
Median Earnings
$1,207
Median Rent
$237,400
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 - Both residences offer three bedrooms, separate kitchens, and month-to-month tenancy.
Where is this duplex located?
The property is located at 4281 AZORA Spring Hill, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,220 square feet total; Each unit has 3 bedrooms, 2 bathrooms, and a 1‑car garage; Separate kitchens with a stove, refrigerator, and dishwasher in each unit
