$399,900

Estimated payment $2,585/month

-- Bed
-- Bath
1,800 Sq Ft
$222 Price per Sq Ft

Highlights

  • Water Views
  • Shed
  • Fenced
  • Patio
  • Central Heating and Cooling System
  • Wood Siding

About This Home

INVESTOR ALERT! This Sebastian Duplex meets the 1% Rule with two 2 Bed/1 Bath units generating $4,000 in monthly income ($2,000 per unit). This is a turnkey property with an excellent rental history and has been meticulously maintained. Nicely renovated units featuring fresh paint, LVP flooring, granite counters, and updated bathrooms. 2016 Metal Roof, 2020 AC Units, & 2018 Water Heaters, 2022 . With PGI of $48,000 minus expenses of $16,345, the Annual NOI is $31,654, yielding a strong 7.92% CAP Rate at the listed price. This is a must-see for any serious cash-flow seeking landlord!

Listing Agent

Derek Stalhut

EXP Realty LLC License #3435020 Listed on: 10/15/2025

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,653

Year Built

  • Built in 1990

Lot Details

  • 10,000 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Vinyl Flooring
  • Water Views

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 31391900001608000005.0

Community Details

Overview

  • 2 Units
  • Sebastian Highlands Unit Subdivision

Building Details

  • Operating Expense $16,345
  • Net Operating Income $31,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,653

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1990
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 1800.0
  • Window Features: Metal, Single Hung

Exterior Features

  • Exterior Features: Fence, Patio, Shed
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 31391900001608000005.0
  • Lot Size: 80.0 ft x 125.0 ft
  • Lot Size Sq Ft: 10000.0
  • Zoning Description: RM-8

Multi Family

  • Property Net Operating Income: 31655.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 16345.0

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5653.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2025 10/15/25 For Sale $399,900 +6.6% $222 / Sq Ft
09/21/2023 09/21/23 Sold $375,000 -1.1% -- View Prior Sale
07/27/2023 07/27/23 For Sale $379,000 +244.5% --
07/16/2015 07/16/15 Sold $110,000 0.0% -- View Prior Sale
06/16/2015 06/16/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $110,000 +83.3% --
12/28/2012 12/28/12 Sold $60,000 -45.5% -- View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $110,000 -- --
Source: BeachesMLS

Source: BeachesMLS

MLS Number: R11132368

BeachesMLS

APN: 31-39-19-00001-6080-00005.0