Remodeled Duplex with
For Sale
$399,999
5221 County Road 427, Sanford, FL 32773
Two leased residences offer updated interiors, private outdoor space, and separate laundry hookups.
Property Size1,352 SF
Price / SF$295.86
Days on Market176
Property Features for 5221 County Road 427
General Information
Standard status
Active
Size
1,352 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,529
Amenities
fenced backyard
laundry hookups
Building Details
Year Renovated
2024
Buildings
1
Tenancy
Multi
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Michelle Hose · License #3471440
(410) 241-0708
Source:
Exprealty
Added: Apr 24
Changed: Sep 4
Last Checked: Oct 15 at 4:05AM
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 EXP REALTY LLC
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Investment Insights
Based on property information with market context.
This 1,352-square-foot duplex contains two residences, each with 2 bedrooms and 1 bathroom. Both units have been leased and underwent a comprehensive remodel completed in December 2024. Improvements include central HVAC systems, upgraded electrical service and panels, new water heaters, renovated kitchens and bathrooms, luxury vinyl plank flooring, replacement windows and doors, fresh interior and exterior paint, modern fixtures, and ceiling fans. A brand-new roof was installed in 2024.
Each residence includes an attached carport, fenced backyard, and individual laundry hookups. The property is less than ONE mile from Seminole State College and offers access to Orlando Sanford International Airport, Highway 17-92, and the 417 Expressway.
Each residence includes an attached carport, fenced backyard, and individual laundry hookups. The property is less than ONE mile from Seminole State College and offers access to Orlando Sanford International Airport, Highway 17-92, and the 417 Expressway.
Key Highlights
- Two‑unit duplex totaling 1,352 SF; each unit has 2 bedrooms and 1 bathroom
- Both units are currently leased
- Comprehensive remodeling completed in December 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,032
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,640
$360.6K
Cap Rate 7%
$257,600
$257.6K
Cap Rate 9%
$200,356
$200.4K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$27.6K $20.40/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$25.8K $19.05/SF
− OpEx
−$7.7K −$5.72/SF
NOI
$18.0K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,640
Cap Rate 7%
$257,600
Cap Rate 9%
$200,356
Alternative Uses
Best Use
Multifamily LT 5
$257.6K
$225.4K – $300.5K
NOI $18,032 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$237.2K
$207.5K – $276.7K
NOI $16,603 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$384.7K
$336.7K – $448.9K
NOI $26,932 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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Business Placement
Demographics for 32773, FL
33,990
Population
13,402
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
1,232
Density / Sq Mi
$63,496
Median Household Income
$40,479
Median Earnings
$1,482
Median Rent
$259,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer updated interiors, private outdoor space, and separate laundry hookups.
Where is this duplex located?
The property is located at 5221 County Road 427 Sanford, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,352 SF; each unit has 2 bedrooms and 1 bathroom; Both units are currently leased; Comprehensive remodeling completed in December 2024
