Duplex with Updated Metal
For Sale
$425,000
63 BRENDA Lane A & B, Mary Esther, FL 32569
Each side offers three bedrooms, two bathrooms, and forced-air heating.
Property Size2,204 SF
Price / SF$192.83
Days on Market22
Property Features for 63 BRENDA Lane A & B
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Duplex - All Units
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,840
Building Details
Building Size
2,204 SF
Year Built
1999
Listing Agency:
Southern Shores Realty
Listed By:
Robin Bennett · License #619826
(850) 803-6688
Source:
Luckypalmsrealty
Added: Oct 9
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Southern Shores Realty
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Investment Insights
Based on property information with market context.
This duplex contains two units, each configured with three bedrooms and two bathrooms. Forced-air heating serves both sides. The building measures 2,204 square feet and was built in 1999.
A metal roof was installed in 2020. The property is located on Brenda Lane in Mary Esther, Florida.
A metal roof was installed in 2020. The property is located on Brenda Lane in Mary Esther, Florida.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,204‑square‑foot building
- Metal roof installed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,368
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,360
$507.4K
Cap Rate 7%
$362,400
$362.4K
Cap Rate 9%
$281,867
$281.9K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$38.3K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$36.2K $16.44/SF
− OpEx
−$10.9K −$4.93/SF
NOI
$25.4K $11.51/SF
Area
Okaloosa County, FL
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,360
Cap Rate 7%
$362,400
Cap Rate 9%
$281,867
Alternative Uses
Best Use
Multifamily LT 5
$362.4K
$317.1K – $422.8K
NOI $25,368 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$325.7K
$285.0K – $380.0K
NOI $22,801 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$849.3K
$743.2K – $990.9K
NOI $59,454 @ 7.0% cap · market cap 13.99%
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
80
Businesses Nearby
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Business Placement
Demographics for 32569, FL
12,378
Population
5,795
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
2,947
Density / Sq Mi
$73,762
Median Household Income
$43,832
Median Earnings
$1,456
Median Rent
$296,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers three bedrooms, two bathrooms, and forced-air heating.
Where is this duplex located?
The property is located at 63 BRENDA Lane A & B Mary Esther, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,204‑square‑foot building; Metal roof installed in 2020
