47 & 49 Sandpiper Circle Ormond Beach, FL 32174
Turn-key duplex in Ormond Beach with rare basements.
Property Features for 47 & 49 Sandpiper Circle
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing office LPT Realty, LLC
Listing date May 17, 2026
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- Rare duplex in Ormond Beach with excellent rental history, offering a turn‑key investment opportunity.
- Each unit features 2 bedrooms, 2 full bathrooms, and a 2‑car garage with a private balcony.
- Unique full basement in each unit (rare for Florida), offering potential for additional storage or living space.
Local Financial Insights For Apartment 5plus
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 | $81.7k | $15.48 |
| − Vacancy | −$8.6k | −$1.63 |
| EGI | $73.2k | $13.85 |
| − OpEx | −$32.9k | −$6.23 |
| NOI | $40.2k | $7.62 |
