Two-Unit Residential
For Sale
$484,999
535 Albatross Drive, Poinciana, FL 34759
Each residence has three bedrooms, two full bathrooms, and its own entrance.
Property Size2,324 SF
Price / SF$208.69
Days on Market20
Property Features for 535 Albatross Drive
General Information
Standard status
Active
Size
2,324 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
granite countertops
included appliances
central air and heat
washer/dryer hookups
Building Details
Year Built
2023
Buildings
1
Stories
1
Construction
block-and-stucco
Listing Agency:
ADAN INVESTMENTS REAL ESTATE GROUP,PLLC
Listed By:
Adan Ordonez · License #3188653
(407) 382-0003
Source:
Realtygroupfl
Added: Oct 1
Changed: Oct 19
Last Checked: Oct 19 at 9:44AM
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 ADAN INVESTMENTS REAL ESTATE GROUP,PLLC
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.
Completed in 2023, this 2,324-square-foot duplex contains two single-story residences. Each unit offers three bedrooms, two full bathrooms, a separate entrance, and an open living area. Interior features include granite kitchen countertops, appliances, central air and heat, and washer/dryer hookups. The building has block-and-stucco construction, and both units are tenant-occupied. Lease documents are available for review.
Key Highlights
- 2,324‑square‑foot duplex built in 2023
- Two single‑story residences, each with 3 bedrooms and 2 full bathrooms
- Separate entrance and open living area in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,641
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,820
$492.8K
Cap Rate 7%
$352,014
$352.0K
Cap Rate 9%
$273,789
$273.8K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$37.6K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$35.2K $15.15/SF
− OpEx
−$10.6K −$4.54/SF
NOI
$24.6K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,820
Cap Rate 7%
$352,014
Cap Rate 9%
$273,789
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.7K
NOI $24,641 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$314.5K
$275.2K – $366.9K
NOI $22,013 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$558.5K
$488.7K – $651.6K
NOI $39,093 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 34759, FL
42,067
Population
17,391
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
75.4 sq mi
ZIP Area
558
Density / Sq Mi
$62,373
Median Household Income
$29,959
Median Earnings
$1,670
Median Rent
$271,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, and its own entrance.
Where is this duplex located?
The property is located at 535 Albatross Drive Poinciana, FL.
What is the asking price?
The asking price for this property is $484,999.
What are key features of this property?
This property features: 2,324‑square‑foot duplex built in 2023; Two single‑story residences, each with 3 bedrooms and 2 full bathrooms; Separate entrance and open living area in each unit
