Furnished Residential Income
43420 HIGHWAY 27 #306, Davenport, FL 33837
For Sale
$63,899
The unit includes two queen beds, a dining set, a refrigerator, and a microwave for personal use or rental.
Property Size300 SF
Price / SF$212
Days on Market248
Property Features for 43420 HIGHWAY 27 #306
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
HOA Fee
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
gazebo area
green spaces
Building Details
Building Size
Year Built
Listing Agency:
LA ROSA REALTY LLC
Listed By:
Jonathan Ruiz · License FL #3419574
(321) 939-3748
Source:
Burninghamrealty
Added: Mar 10
Changed: Nov 6
Last Checked: Nov 11 at 7:02AM
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 LA ROSA REALTY LLC
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Investment Insights
Based on property information with market context.
This furnished residential condo was built in 1999 and comes equipped with two queen beds, a dining set, a refrigerator, and a microwave. The property also offers access to a pool, gazebo, and landscaped green areas.
Posner Park, with retail and dining options including Starbucks, Chipotle, Ross, Best Buy, and an IMAX theater, is within walking distance. I-4 is a three-minute drive away, providing access toward Orlando and Tampa.
Posner Park, with retail and dining options including Starbucks, Chipotle, Ross, Best Buy, and an IMAX theater, is within walking distance. I-4 is a three-minute drive away, providing access toward Orlando and Tampa.
Key Highlights
- Built in 1999
- Furnished with two queen beds, a dining set, refrigerator, and microwave
- Community amenities include a pool, gazebo, and landscaped green areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,944
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,880
$58.9K
Cap Rate 7%
$42,057
$42.1K
Cap Rate 9%
$32,711
$32.7K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$5.7K $19.08/SF
− Vacancy
−$372 −$1.24/SF
EGI
$5.4K $17.84/SF
− OpEx
−$2.4K −$8.03/SF
NOI
$2.9K $9.81/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,880
Cap Rate 7%
$42,057
Cap Rate 9%
$32,711
Alternative Uses
Best Use
Apartment 5plus
$42.1K
$36.8K – $49.1K
NOI $2,944 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$76.6K
$67.0K – $89.4K
NOI $5,362 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
$297,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Davenport, FL
Properties on Market for Residential income properties in Davenport
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two queen beds, a dining set, a refrigerator, and a microwave for personal use or rental.
Where is this residential income property located?
The property is located at 43420 HIGHWAY 27 #306 Davenport, FL.
What is the asking price?
The asking price for this property is $63,899.
What are key features of this property?
This property features: Built in 1999; Furnished with two queen beds, a dining set, refrigerator, and microwave; Community amenities include a pool, gazebo, and landscaped green areas
