Duplex, 2 unitsNo lockupBook open
A 1970 duplex two blocks off Main Street, Dunedin
440 Louden Ave, Dunedin, FL 34698
DAO market cap
$479,497.50
5.5% over appraised
Net yield
3.31%
on the last price
Total shares
9,090
15 holders
Public float
1,268
13.9% of the DAO
Sponsor 6,849Maker 973Float 1,268
Two units under one roof on a 7,840 sq ft lot, a short walk from Dunedin’s Main Street and a mile from the Pinellas Trail. Block construction on a slab, refreshed interiors with new flooring and white shaker cabinetry throughout, and a detached two-car garage with its own service door off the driveway. This is the least glamorous and most durable kind of rental property in Pinellas County: small, cheap to hold, and easy to keep tenanted.
Underwriting
- Appraised value
- $454,500.00
- Gross rent
- $2,212.00 / mo
- Operating costs
- −$885.00 / mo
- Net income
- $1,327.00 / mo
- Net per share, annual
- $1.75
- Yield at last price
- 3.31%
- Next distribution
- 01 Oct 2026
Rent and valuation are third-party estimates pending the leases and a formal appraisal. Operating costs are modelled at 40% of gross rent. Yield is computed from the last traded price, not the issue price, and is not a forecast.
How ownership works
- 1Buy shares. The property is divided into 9,090 shares. Buy one or a thousand — the minimum order is 1 share.
- 2Collect net rent. Rent less operating costs is distributed pro rata to whoever holds shares on the distribution date.
- 3Vote your shares. Anything that spends the treasury or changes the asset goes to the DAO, and your weight is the shares you hold at the record date.
- 4Sell when you want. Post an offer at your price, or take the best bid on the book. No lockup and no redemption window.