Four-Unit Residential Income
46 N FAIRFAX AVENUE Winter Springs, FL 32708
46 N FAIRFAX AVENUE, Winter Springs, FL, 32708
$850,000
For Sale
$850,000
Fully leased four-unit building with in-unit washer and dryer and ample parking for each unit.
Property Size3,636 SF
Price / SF$233.77
Days on Market8
Property Features for 46 N FAIRFAX AVENUE
General Information
- Standard status
- Active
- Size
- 3,636 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1981
Listing agency
RE/MAX PRIME PROPERTIES
(407) 347-4512
Listed by
Brandon McCarter · License #3426042
Source
Miharaandassociates
Added: Jul 15 Updated: Jul 21 at 6:35PM Checked: Jul 21 at 6:35PM
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 RE/MAX PRIME PROPERTIES
Investment Insights
Based on property information with market context.
This fully leased two-story residential income property consists of four units. Each unit features two bedrooms and 1.5 bathrooms, with a washer and dryer inside the unit. The seller reports that appliances were updated and that the units have been well maintained and updated within the last 12+ months.
The property is located in the heart of Winter Springs, a few blocks from SR-434, with a short distance to Sunshine Park and the Winter Springs police department. Winter Springs Town Center is approximately 3 miles east, and public schools are nearby.
Tenants are responsible for all utilities, and the leases are reported to be in place on a long-term basis. The seller will consider seller financing.
The property is located in the heart of Winter Springs, a few blocks from SR-434, with a short distance to Sunshine Park and the Winter Springs police department. Winter Springs Town Center is approximately 3 miles east, and public schools are nearby.
Tenants are responsible for all utilities, and the leases are reported to be in place on a long-term basis. The seller will consider seller financing.
Key Highlights
- Four‑unit, 2‑story multifamily built in 1981, fully leased
- Each unit has 2 bedrooms and 1.5 bathrooms with in‑unit washer and dryer
- All appliances were updated and units have been maintained with updates in the last 12+ months
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.2k | $20.40 |
| − Vacancy | −$4.9k | −$1.35 |
| EGI | $69.3k | $19.05 |
| − OpEx | −$20.8k | −$5.72 |
| NOI | $48.5k | $13.34 |
3,636 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.8K
$606.2K – $808.3K
NOI $48,495 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$637.9K
$558.1K – $744.2K
NOI $44,651 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.03M
$905.4K – $1.21M
NOI $72,429 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully leased four-unit building with in-unit washer and dryer and ample parking for each unit.
Where is this quadplex located?
The property is located at 46 N FAIRFAX AVENUE Winter Springs, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit, 2‑story multifamily built in 1981, fully leased; Each unit has 2 bedrooms and 1.5 bathrooms with in‑unit washer and dryer; All appliances were updated and units have been maintained with updates in the last 12+ months
