Duplex Residential
For Sale
$274,900
6833 Sun N Lake Boulevard, Sebring, FL 33872
Residential, Single Story, Sebring, FL
Property Size2,884 SF
Lot Size0.15 Acres
Price / SF$95.32
Days on Market133
Property Features for 6833 Sun N Lake Boulevard
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Garage
Patio and Porch features
Patio
Interior features
Blinds, Ceiling Fans, Garage Door Opener
Exterior features
Patio, Stucco
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer, Wtr Heater-Electric
Directions
From US Hwy 27 & Hammock Road, proceed north on Hwy 27 to (L) into Sun 'N Lake on Sun N Lake Blvd, pass through 2 roundabouts, one stop sign and continue straight to just past the Magnolia Place entrance to duplex on left (right side villa).
Standard status
Active
APN
C-04-34-28-130-2670-0070
Size
2,884 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUN N LAKE OF SEB UNIT 13 PB 9 PG 71 WLY 51 FT M/L OF LT 7 BLK 267
Tax Annual Amount
1680
HOA Fee
$150 Annually
Legal Description
SUN N LAKE OF SEB UNIT 13 PB 9 PG 71 WLY 51 FT M/L OF LT 7 BLK 267
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2006
Floors in Building
1
Flooring type
Vinyl, Carpet, Tile
Building materials
Concrete Block
Roof type
Metal
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Eric Rhoades · License #3409582
(863) 381-1096
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 9 at 9:06PM
MLS# 325018
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Impeccably maintained 3-bedroom, 2-bath villa on a 0.15-acre lot. The home features a private courtyard entry off a paver driveway and a dramatic foyer with 18-foot ceilings. Inside, an open-concept layout connects living, dining, and family rooms with crown molding, tall baseboards, and plantation shutters. Flooring includes tile and wood laminate in the main areas, with new carpet in the bedrooms.
The kitchen offers granite countertops, white cabinetry, stainless steel appliances, a pantry, and a breakfast bar. The primary suite includes double entry doors, a tray (cove) ceiling, and dual closets, plus an en-suite bath with a jetted soaking tub, a tiled walk-in shower with bench seating, and a private water closet. An indoor laundry room includes ample cabinetry and a utility sink. A huge screened and covered back patio extends the living space outdoors.
Built in 2006 with concrete block construction, the property has central electric heat and central air, a metal roof, and public sewer. Additional features include a garage with a garage door opener, ceiling fans, blinds, and an electric water heater.
The kitchen offers granite countertops, white cabinetry, stainless steel appliances, a pantry, and a breakfast bar. The primary suite includes double entry doors, a tray (cove) ceiling, and dual closets, plus an en-suite bath with a jetted soaking tub, a tiled walk-in shower with bench seating, and a private water closet. An indoor laundry room includes ample cabinetry and a utility sink. A huge screened and covered back patio extends the living space outdoors.
Built in 2006 with concrete block construction, the property has central electric heat and central air, a metal roof, and public sewer. Additional features include a garage with a garage door opener, ceiling fans, blinds, and an electric water heater.
Key Highlights
- 0.15‑acre lot with a private courtyard entry and paver driveway
- 18‑foot ceilings and open‑concept living with crown molding, tall baseboards, and plantation shutters
- 3 bedrooms, 2 bathrooms, including a primary suite with dual closets and en‑suite jetted soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,206
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,120
$484.1K
Cap Rate 7%
$345,800
$345.8K
Cap Rate 9%
$268,956
$269.0K
Market Conditions
NOI Build-Up for 2,884 SF
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.
Gross rent
$46.7K $16.20/SF
− Vacancy
−$2.7K −$0.94/SF
EGI
$44.0K $15.26/SF
− OpEx
−$19.8K −$6.87/SF
NOI
$24.2K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,120
Cap Rate 7%
$345,800
Cap Rate 9%
$268,956
Alternative Uses
Best Use
Apartment 5plus
$345.8K
$302.6K – $403.4K
NOI $24,206 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.0K
$525.0K – $700.0K
NOI $42,000 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 33872, FL
13,167
Population
7,882
Households
1.7
Avg Household Size
62
Median Age
29%
College-Educated
91%
High-School Grad
22.7 sq mi
ZIP Area
580
Density / Sq Mi
$68,086
Median Household Income
$42,831
Median Earnings
$1,157
Median Rent
$193,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Impeccably maintained 3-bedroom, 2-bath villa with screened, covered patio and 0.15-acre lot in R2 zoning.
Where is this single family property located?
The property is located at 6833 Sun N Lake Boulevard Sebring, FL.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 0.15‑acre lot with a private courtyard entry and paver driveway; 18‑foot ceilings and open‑concept living with crown molding, tall baseboards, and plantation shutters; 3 bedrooms, 2 bathrooms, including a primary suite with dual closets and en‑suite jetted soaking tub
