Duplex with Private
705 LENOX PL, Kissimmee, FL 34758
For Sale
$779,000
Both residences are leased under one-year agreements and feature three-bedroom layouts with two full bathrooms and a half bath.
Property Size3,460 SF
Price / SF$225.14
Days on Market301
Property Features for 705 LENOX PL
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private patio
shed storage area
Building Details
Building Size
Year Built
Listing Agency:
AROD PARTNERS REALTY
Listed By:
Sasha Valerio
(407) 627-7621
Source:
Bascomgrooms
Added: Jan 14
Changed: Nov 9
Last Checked: Nov 9 at 7:28PM
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 AROD PARTNERS REALTY
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Investment Insights
Based on property information with market context.
Completed in 2022, this duplex contains two residences of approximately 1,902 square feet each. Both have three bedrooms, two full bathrooms, and a half bath, along with a private patio. Shed storage and a driveway accommodating more than two vehicles serve the property.
The homes at 705 and 707 Lenox Place in Kissimmee are leased on one-year terms. Current tenants have indicated interest in renewing.
The homes at 705 and 707 Lenox Place in Kissimmee are leased on one-year terms. Current tenants have indicated interest in renewing.
Key Highlights
- Two residences, each approximately 1,902 square feet
- Built in 2022
- Each unit has 3 bedrooms, 2 full bathrooms, and 1 half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,703
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,060
$854.1K
Cap Rate 7%
$610,043
$610.0K
Cap Rate 9%
$474,478
$474.5K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$83.0K $24.00/SF
− Vacancy
−$5.4K −$1.56/SF
EGI
$77.6K $22.44/SF
− OpEx
−$34.9K −$10.10/SF
NOI
$42.7K $12.34/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,060
Cap Rate 7%
$610,043
Cap Rate 9%
$474,478
Alternative Uses
Best Use
Apartment 5plus
$610.0K
$533.8K – $711.7K
NOI $42,703 @ 7.0% cap · market cap 5.48%
Second Best
Multifamily LT 5
$595.3K
$520.9K – $694.5K
NOI $41,671 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$1.07M
$936.2K – $1.25M
NOI $74,892 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 34758, FL
43,282
Population
14,977
Households
2.9
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
26.1 sq mi
ZIP Area
1,658
Density / Sq Mi
$67,128
Median Household Income
$35,057
Median Earnings
$1,780
Median Rent
$280,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kissimmee, FL
Properties on Market for Duplexes in Kissimmee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased under one-year agreements and feature three-bedroom layouts with two full bathrooms and a half bath.
Where is this duplex located?
The property is located at 705 LENOX PL Kissimmee, FL.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Two residences, each approximately 1,902 square feet; Built in 2022; Each unit has 3 bedrooms, 2 full bathrooms, and 1 half bathroom
