Residential Income
43420 HIGHWAY 27 #425, Davenport, FL 33837
For Sale
$60,000
The monthly HOA covers electricity, water, and garbage collection.
Property Size300 SF
Price / SF$200
Days on Market111
Property Features for 43420 HIGHWAY 27 #425
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LPT REALTY, LLC
Listed By:
Michael Hodge
(877) 366-2213
Source:
Burninghamrealty
Added: Jul 25
Changed: Oct 28
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 LPT REALTY, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1999 and has a reported property size of 300. The monthly HOA fee includes electricity, water, and garbage collection.
The property is near shopping centers, restaurants, medical offices, hospitals, entertainment venues, and public transportation, with access to Highway 27 and I-4. Disney is also identified as a nearby destination.
The property is near shopping centers, restaurants, medical offices, hospitals, entertainment venues, and public transportation, with access to Highway 27 and I-4. Disney is also identified as a nearby destination.
Key Highlights
- Built in 1999
- Monthly HOA includes electricity, water, and garbage collection
- Near Highway 27 and I‑4, shopping, restaurants, medical offices, hospitals, entertainment venues, and public transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,944
Cap Rate
4.91%
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 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$76.6K
$67.0K – $89.4K
NOI $5,362 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
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
$297,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 monthly HOA covers electricity, water, and garbage collection.
Where is this residential income property located?
The property is located at 43420 HIGHWAY 27 #425 Davenport, FL.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Built in 1999; Monthly HOA includes electricity, water, and garbage collection; Near Highway 27 and I‑4, shopping, restaurants, medical offices, hospitals, entertainment venues, and public transportation
