$399,900
$399,900
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1,800 SqFt
SOLD DATE : 12/16/2025
Key Details
Sold Price $399,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $222
Subdivision Sebastian Highlands
MLS Listing ID 291896
Sold Date 12/16/25
HOA Y/N No
Year Built 1990
Annual Tax Amount $5,653
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Property Description
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. Recently 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 cashflow seeking landlord!
Location
State FL
County Indian River
Area Sebastian City
Zoning ,
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Furnishings Negotiable
Fireplace No
Laundry Outside
Exterior
Exterior Feature Fence, Shed
Parking Features None
Pool None
Community Features None
Waterfront Description None
Water Access Desc Public
Roof Type Metal
Present Use Residential
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 1
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
Additional Building Shed(s)
Others
HOA Name Self Managed
Tax ID 31391900001608000005.0
Security Features Security System Owned
Acceptable Financing Cash, FHA, New Loan, VA Loan
Listing Terms Cash, FHA, New Loan, VA Loan
Financing Conventional
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Bought with NON MLS
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