Turnkey Duplex with Private
536 PATRICIA AVENUE Dunedin, FL 34698
536 PATRICIA AVENUE, Dunedin, FL, 34698
$649,000
For Sale
$649,000
Turnkey duplex with two 3-bedroom residences, private entrances, separate laundry, and ample off-street parking.
Property Size2,388 SF
Price / SF$271.78
Days on Market12
Property Features for 536 PATRICIA AVENUE
General Information
- Standard status
- Active
- Size
- 2,388 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1960
Listing agency
PALM LIFE REALTY
(888) 877-4040
Listed by
Chiyeen Penachio · License #3572692
Source
Dennisrealty
Added: Jul 10 Updated: Jul 21 at 6:24AM Checked: Jul 21 at 6:24AM
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 PALM LIFE REALTY
Investment Insights
Based on property information with market context.
Turnkey duplex offering two spacious residences with private entrances and comfortable, well-designed layouts. The front residence features 3 bedrooms and 1 bath, while the rear residence offers 3 bedrooms and 1.5 baths. Bright open living areas are complemented by vaulted ceilings that add an airy feel throughout. One unit includes an updated kitchen with shaker cabinetry, stainless steel appliances, updated countertops, and a tile backsplash, along with a redesigned bathroom. The second residence provides a well-maintained interior with durable flooring and generous living space, suited for immediate occupancy or continued rental income.
Outside, mature shade trees and private outdoor spaces help round out the property. Separate laundry facilities are available for each residence, along with ample off-street parking and attractive exterior updates. The property is described as located in a No Flood Zone.
The duplex is currently generating approximately $58,800 in annual gross rental income.
Outside, mature shade trees and private outdoor spaces help round out the property. Separate laundry facilities are available for each residence, along with ample off-street parking and attractive exterior updates. The property is described as located in a No Flood Zone.
The duplex is currently generating approximately $58,800 in annual gross rental income.
Key Highlights
- Turnkey duplex built in 1960 with approx. 2,400± total SF, including two nearly 1,200 SF residences
- Front unit has 3 bedrooms and 1 bath with a private entrance
- Rear unit has 3 bedrooms and 1.5 baths with a private entrance
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 | $42.7k | $17.88 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $39.8k | $16.67 |
| − OpEx | −$11.9k | −$5.00 |
| NOI | $27.9k | $11.67 |
2,388 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.6K
NOI $27,874 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$313.8K
$274.5K – $366.1K
NOI $21,963 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$621.1K
$543.5K – $724.7K
NOI $43,480 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with two 3-bedroom residences, private entrances, separate laundry, and ample off-street parking.
Where is this duplex located?
The property is located at 536 PATRICIA AVENUE Dunedin, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Turnkey duplex built in 1960 with approx. 2,400± total SF, including two nearly 1,200 SF residences; Front unit has 3 bedrooms and 1 bath with a private entrance; Rear unit has 3 bedrooms and 1.5 baths with a private entrance
