Residential Income Unit by
For Sale
$68,000
43420 HIGHWAY 27 #242, Davenport, FL 33837
Association services include electricity, cable television, water, and garbage collection.
Property Size300 SF
Price / SF$226.67
Days on Market642
Property Features for 43420 HIGHWAY 27 #242
General Information
Standard status
Active
Size
300 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
HOA Fee
$242
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$642
Amenities
pool
gazebo
green space
laundry area
Building Details
Building Size
300 SF
Year Built
1999
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
Listed By:
Jennifer Sarria · License #3097227
(407) 469-0090
Source:
Burninghamrealty
Added: Jan 28, 2025
Changed: Oct 26
Last Checked: Oct 31 at 4:59AM
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 OLYMPUS EXECUTIVE REALTY INC
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Investment Insights
Based on property information with market context.
This residential income unit was built in 1999 and has ceramic tile throughout. Its outlook faces the pool, gazebo, and landscaped green space, while the laundry area is readily accessible.
Association services cover electricity, cable television, water, and garbage collection. Internet service is not included among those services.
Association services cover electricity, cable television, water, and garbage collection. Internet service is not included among those services.
Key Highlights
- Unit faces the pool, gazebo, and green space
- Ceramic tile throughout the unit
- Association covers electricity, cable TV, water, and garbage collection
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.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
410
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Association services include electricity, cable television, water, and garbage collection.
Where is this residential income property 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: Unit faces the pool, gazebo, and green space; Ceramic tile throughout the unit; Association covers electricity, cable TV, water, and garbage collection
