Cheapest Duplex in Volusia County

Cheapest Duplex in Volusia County

4 bed 2 bath 1638 sq ft Built in 1946 Multi-family
Login or register to unlock this property’s address.
64
Occupancy Status
Low High
15 /20
Level of Rehab
Heavy Light
18/20
Location of Neighborhood
Far Close
10/20
Quality of Floor Plan
Choppy Flowing
10/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

This is currently the cheapest duplex by $20K, duplexes with returns like these are rare, especially with long-term tenants. The current CAP is 9.6% with room to increase to a high CAP of 11.6%. The monthly market rent is $1,590 for each unit. Currently, each tenant pays $1200 per month. FYI fully renovated duplexs in this zip code have sold for $300,000 plus. Ask for our MLS Comps supporting the value given. 

All appliances are covered 100% until May 8, 2028, for both units. Coverage does remain with the new buyer. A four-point inspection from 2022 shows the roof, electrical, and A/C units are in good working condition, and the plumbing was updated. 

An investor can increase the cash ROI, renovate the entire duplex, bring the tenants to market rent at $1600 per month each, and collect an amazing $38,400 annually: net Income $33,000, net yield 11.64%

Act now. Contact your EquityPro Advisor, and secure this investment opportunity.

Ask about this property
Log in/Register to ask about this property.

We recommend rent
Rental Income
$2,400 mo. / $28,800 yr.
Estimated Taxes
$3,047 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$21,123
Projected Income
9.59%
Estimated APY
$38,200
Projected Income
14.59%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

Unlock this property’s comps.