Fixer-Upper Duplex Income
845 S CHAR MIL AVENUE Lake Alfred, FL 33850
For Sale
$280,000
Duplex for sale at 845 S Char Mil Avenue, offered as a fixer-upper with income-producing potential.
Property Size2,000 SF
Price / SF$140
Days on Market8
Property Features for 845 S CHAR MIL AVENUE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Building Details
Year Built
1983
Listing Agency:
SUNQUEST INVESTMENT REALTY LLC
(321) 624-1285
Listed By:
Rajesh Kandhai · License #703345
Source:
Dennisrealty
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 29 at 5:32AM
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 SUNQUEST INVESTMENT REALTY LLC
Investment Insights
Based on property information with market context.
Offered for sale as a fixer-upper, this duplex at 845 S Char Mil Avenue provides an income-producing residential setup with room for updates and renovation. The property is positioned for an investor or an owner-occupant buyer looking to build equity through improvements.
Located just minutes from downtown Lake Alfred, the duplex also offers convenient access to Winter Haven, Haines City, and Auburndale. Public transportation proximity is noted as well, which may support tenant accessibility.
This is a residential income opportunity presented in need of renovation, allowing a buyer to customize and modernize with the goal of increasing long-term rental value.
Located just minutes from downtown Lake Alfred, the duplex also offers convenient access to Winter Haven, Haines City, and Auburndale. Public transportation proximity is noted as well, which may support tenant accessibility.
This is a residential income opportunity presented in need of renovation, allowing a buyer to customize and modernize with the goal of increasing long-term rental value.
Key Highlights
- Duplex for sale at 845 S Char Mil Avenue, offered as a fixer‑upper with income‑producing potential
- Built in 1983
- Located just minutes from downtown Lake Alfred
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 | $32.4k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $30.3k | $15.15 |
| − OpEx | −$9.1k | −$4.54 |
| NOI | $21.2k | $10.60 |
2,000 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.9K
$265.1K – $353.4K
NOI $21,206 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$270.6K
$236.8K – $315.7K
NOI $18,944 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale at 845 S Char Mil Avenue, offered as a fixer-upper with income-producing potential.
Where is this duplex located?
The property is located at 845 S CHAR MIL AVENUE Lake Alfred, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Duplex for sale at 845 S Char Mil Avenue, offered as a fixer‑upper with income‑producing potential; Built in 1983; Located just minutes from downtown Lake Alfred
