Two-Unit
613 N DIXIE AVENUE, Fruitland Park, FL 34731
For Sale
$225,000
Separate utility meters serve a one-bedroom, one-bath apartment on each level.
Property Size1,382 SF
Price / SF$162.81
Days on Market8
Property Features for 613 N DIXIE AVENUE
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Stories
Listing Agency:
ERA GRIZZARD REAL ESTATE
(352) 787-6966
Listed By:
Mona Jodray · License FL #3178233
(352) 205-1883
Source:
Endlesssummerrealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:41AM
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 ERA GRIZZARD REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1925, this 1,382-square-foot, two-story duplex is configured as two one-bedroom, one-bath apartments, with one unit on each floor. Each apartment has a separate utility meter, and tenants pay their own utilities. New leases are in place, and the property is professionally managed.
The property is in Fruitland Park, minutes from The Villages, with access to C-2 zoning. Orlando and Ocala are each about an hour away.
The property is in Fruitland Park, minutes from The Villages, with access to C-2 zoning. Orlando and Ocala are each about an hour away.
Key Highlights
- Two 1‑bedroom, 1‑bath apartments, one on each floor
- 1,382 square feet across two stories
- Separate utility meters; tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,957
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,140
$319.1K
Cap Rate 7%
$227,957
$228.0K
Cap Rate 9%
$177,300
$177.3K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$24.0K $17.40/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$22.8K $16.50/SF
− OpEx
−$6.8K −$4.95/SF
NOI
$16.0K $11.55/SF
Area
Lake County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,140
Cap Rate 7%
$227,957
Cap Rate 9%
$177,300
Alternative Uses
Best Use
Multifamily LT 5
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$206.5K
$180.7K – $240.9K
NOI $14,452 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$445.6K
$389.9K – $519.9K
NOI $31,195 @ 7.0% cap · market cap 13.86%
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
269
Businesses Nearby
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Business Placement
Demographics for 34731, FL
12,111
Population
6,370
Households
1.9
Avg Household Size
50
Median Age
17%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
767
Density / Sq Mi
$63,329
Median Household Income
$36,057
Median Earnings
$1,157
Median Rent
$185,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake County, FL
Properties on Market for Duplexes in Lake County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters serve a one-bedroom, one-bath apartment on each level.
Where is this duplex located?
The property is located at 613 N DIXIE AVENUE Fruitland Park, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath apartments, one on each floor; 1,382 square feet across two stories; Separate utility meters; tenants pay their own utilities
