Newer Duplex Income
10193 & 10195 BURLINGTON AVENUE Englewood, FL 34224
For Sale
$405,000
Pending
Newly built 2023 duplex with two leased 2-bedroom, 2-bath units and open floor plans.
Property Size2,096 SF
Days on Market516
Property Features for 10193 & 10195 BURLINGTON AVENUE
General Information
- Standard status
- Pending
- Size
- 2,096 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2023
Listing Agency:
REDFIN CORPORATION
(571) 423-8772
Listed By:
Krisztina Juhasz · License #3519631
(571) 423-8772
Source:
Exitrealty
Added: Feb 24, 2025
Changed: Jul 23
Last Checked: Jul 24 at 9:24AM
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 REDFIN CORPORATION
Investment Insights
Based on property information with market context.
This newly built (2023) duplex offers two separate 2-bedroom, 2-bathroom units. Each unit features an open floor plan with luxury vinyl plank flooring throughout, along with a kitchen that includes stainless steel appliances, granite countertops, and ample cabinet space. A breakfast bar connects the kitchen to the family room, supporting everyday living and entertaining. Both units include spacious bedrooms, including a primary suite with a private bathroom and walk-in shower.
The property is in a peaceful neighborhood with easy access to beaches, waterways, premier golf courses, shopping, and dining. Nearby public parks include biking and walking trails, picnic areas, and boat ramps, providing access to the Peace and Myakka Rivers, Charlotte Harbor, and the Gulf of Mexico.
Both sides are currently generating income and are leased.
The property is in a peaceful neighborhood with easy access to beaches, waterways, premier golf courses, shopping, and dining. Nearby public parks include biking and walking trails, picnic areas, and boat ramps, providing access to the Peace and Myakka Rivers, Charlotte Harbor, and the Gulf of Mexico.
Both sides are currently generating income and are leased.
Key Highlights
- Newly built 2023 duplex with two 2‑bedroom, 2‑bath units
- Each unit features an open floor plan with luxury vinyl plank flooring throughout
- Kitchen includes stainless steel appliances, granite countertops, and ample cabinet space, plus a breakfast bar
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $17.04 |
| − Vacancy | −$6.8k | −$3.22 |
| EGI | $29.0k | $13.82 |
| − OpEx | −$8.7k | −$4.15 |
| NOI | $20.3k | $9.67 |
2,096 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $337.9K
NOI $20,276 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$264.4K
$231.3K – $308.4K
NOI $18,505 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$686.3K
$600.5K – $800.7K
NOI $48,040 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built 2023 duplex with two leased 2-bedroom, 2-bath units and open floor plans.
Where is this duplex located?
The property is located at 10193 & 10195 BURLINGTON AVENUE Englewood, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Newly built 2023 duplex with two 2‑bedroom, 2‑bath units; Each unit features an open floor plan with luxury vinyl plank flooring throughout; Kitchen includes stainless steel appliances, granite countertops, and ample cabinet space, plus a breakfast bar
