Duplex with Private
492 OAK CANOPY Circle, Avon Park, FL 33825
For Sale
$498,000
One unit is leased, while the other is vacant for a new tenant or owner occupancy.
Property Size3,040 SF
Price / SF$163.82
Days on Market20
Property Features for 492 OAK CANOPY Circle
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Amenities
Lake Damon access
boat ramp
boat dock
clubhouse
swimming pool
Building Details
Year Built
Buildings
Listing Agency:
Linked Realty Inc
Listed By:
Mayra Roberto · License #3105303
(954) 822-6995
Source:
Lehmannflorida
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 12:46PM
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 Linked Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2015, this 3,040-square-foot duplex contains two units, each with three bedrooms, two bathrooms, and a private one-car garage. One unit is occupied by a renter; the other is vacant and available for a tenant or owner occupancy.
Residents have access to Lake Damon, a boat ramp and dock, a clubhouse, and a swimming pool within the community. The property is in Avon Park, Florida, near shopping, dining, and everyday services.
Residents have access to Lake Damon, a boat ramp and dock, a clubhouse, and a swimming pool within the community. The property is in Avon Park, Florida, near shopping, dining, and everyday services.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 3,040 square feet; built in 2015
- Private one‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,458
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,160
$549.2K
Cap Rate 7%
$392,257
$392.3K
Cap Rate 9%
$305,089
$305.1K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$42.0K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$39.2K $12.90/SF
− OpEx
−$11.8K −$3.87/SF
NOI
$27.5K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,160
Cap Rate 7%
$392,257
Cap Rate 9%
$305,089
Alternative Uses
Best Use
Multifamily LT 5
$392.3K
$343.2K – $457.6K
NOI $27,458 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$364.5K
$318.9K – $425.3K
NOI $25,515 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$632.5K
$553.4K – $737.9K
NOI $44,272 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
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Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Highlands County, FL
Properties on Market for Duplexes in Highlands County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is leased, while the other is vacant for a new tenant or owner occupancy.
Where is this duplex located?
The property is located at 492 OAK CANOPY Circle Avon Park, FL.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 3,040 square feet; built in 2015; Private one‑car garage for each unit
