Davenport Investment
For Sale
$68,000
43420 HIGHWAY 27 242, Davenport, FL 33837
Apartment in a great location with low HOA fees.
Property Size300 SF
Lot Size187.00 Acres
Days on Market316
Property Features for 43420 HIGHWAY 27 242
General Information
Standard status
Active
Size
300 SF
Lot size
187.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$642
Building Details
Building Size
300 SF
Year Built
1999
Stories
2
Listed By:
Jennifer Sarria
(305) 467-4025
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 9 at 11:36PM
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 Jennifer Sarria
Investment Insights
Based on property information with market context.
This property presents an opportunity for investors or owners seeking a residence near major highways, shopping centers, restaurants, medical facilities, hospitals, and entertainment venues. The Homeowner Association fee is $242 monthly, covering electricity, cable TV, water, and garbage collection services. Residents are only responsible for internet costs. The unit overlooks the pool, a gazebo, and a green space. The property features ample parking and convenient access to laundry facilities. The unit has ceramic tile flooring throughout.
Key Highlights
- Prime location near highways, shopping, restaurants, medical facilities, hospitals, and entertainment.
- HOA fee of only $242 monthly includes electricity, cable TV, water, and garbage collection.
- Unit faces the pool, gazebo, and green space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,842
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$56,840
$56.8K
Cap Rate 7%
$40,600
$40.6K
Cap Rate 9%
$31,578
$31.6K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$5.5K $18.36/SF
− Vacancy
−$341 −$1.14/SF
EGI
$5.2K $17.22/SF
− OpEx
−$2.3K −$7.75/SF
NOI
$2.8K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$56,840
Cap Rate 7%
$40,600
Cap Rate 9%
$31,578
Alternative Uses
Best Use
Apartment 5plus
$40.6K
$35.5K – $47.4K
NOI $2,842 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$72.1K
$63.1K – $84.1K
NOI $5,046 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment in a great location with low HOA fees.
Where is this apartment building located?
The property is located at 43420 HIGHWAY 27 242 Davenport, FL.
What is the asking price?
The asking price for this property is $68,000.
What are key features of this property?
This property features: Prime location near highways, shopping, restaurants, medical facilities, hospitals, and entertainment.; HOA fee of only $242 monthly includes electricity, cable TV, water, and garbage collection.; Unit faces the pool, gazebo, and green space.
