Fixer-Upper Duplex Income
For Sale
$280,000
845 S CHAR MIL AVENUE, Lake Alfred, FL 33850
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 Market99
Property Features for 845 S CHAR MIL AVENUE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
SUNQUEST INVESTMENT REALTY LLC
(321) 624-1285
Listed By:
Rajesh Kandhai · License #703345
(407) 518-7971
Source:
Dennisrealty
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 28 at 8:32AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$21,206
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,120
$424.1K
Cap Rate 7%
$302,943
$302.9K
Cap Rate 9%
$235,622
$235.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.3K $15.15/SF
− OpEx
−$9.1K −$4.54/SF
NOI
$21.2K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,120
Cap Rate 7%
$302,943
Cap Rate 9%
$235,622
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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
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Business Placement
Demographics for 33850, FL
9,119
Population
4,947
Households
1.8
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
16.8 sq mi
ZIP Area
543
Density / Sq Mi
$53,877
Median Household Income
$36,563
Median Earnings
$1,072
Median Rent
$215,700
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 - 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
