Two-Unit Duplex with
New
For Sale
$450,000
10194 TRAMORE AVE #A & B, Englewood, FL 34224
Separate utility meters support independent operation of the two residences.
Property Size2,342 SF
Lot Size0.23 Acres
Price / SF$137.74
Days on Market5
Property Features for 10194 TRAMORE AVE #A & B
General Information
Standard status
Active
Size
2,342 SF
Lot size
0.23 Acres
Property subtype
Duplex
Financials
Gross Income
$32,400
Average Monthly Rent
$1,500
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,278
Building Details
Building Size
2,342 SF
Year Built
2004
Buildings
1
Stories
1
Construction
block-and-stucco
Tenancy
Multi
Listing Agency:
REALTY ONE GROUP MVP
Listed By:
Chadwick Knight · License #3321115
(941) 928-7444
Source:
Nixandassociates
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 10:23PM
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 REALTY ONE GROUP MVP
Investment Insights
Based on property information with market context.
Built in 2004, this duplex contains two separately rentable residences, each with two bedrooms, two bathrooms, a single-level floor plan, and an attached one-car garage. The combined area is 2,342 heated square feet and 3,267 total square feet. Interior features include tile flooring, solid wood cabinetry, ceiling fans, kitchen eating areas, and combined kitchen/family rooms. Both homes have central electric HVAC, sliding doors, hurricane shutters, and private driveway parking.
The property occupies an approximately 0.23-acre lot measuring 80' x 125' in Port Charlotte Section 62. Public water and sewer serve the building, and the units have separate water and electric meters, along with individual cable, internet, sewer, and trash metering. The property is tenant-occupied, with showings coordinated by appointment through the listing agent.
The property occupies an approximately 0.23-acre lot measuring 80' x 125' in Port Charlotte Section 62. Public water and sewer serve the building, and the units have separate water and electric meters, along with individual cable, internet, sewer, and trash metering. The property is tenant-occupied, with showings coordinated by appointment through the listing agent.
Key Highlights
- Two separately rentable 2‑bedroom, 2‑bath residences
- 2,342 heated square feet; 3,267 total square feet
- Each unit has an attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,604
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,080
$632.1K
Cap Rate 7%
$451,486
$451.5K
Cap Rate 9%
$351,156
$351.2K
Market Conditions
NOI Build-Up for 3,267 SF
Gross rent
$55.7K $17.04/SF
− Vacancy
−$10.5K −$3.22/SF
EGI
$45.1K $13.82/SF
− OpEx
−$13.5K −$4.15/SF
NOI
$31.6K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,080
Cap Rate 7%
$451,486
Cap Rate 9%
$351,156
Alternative Uses
Best Use
Multifamily LT 5
$451.5K
$395.1K – $526.7K
NOI $31,604 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$412.0K
$360.5K – $480.7K
NOI $28,843 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.07M
$936.0K – $1.25M
NOI $74,880 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters support independent operation of the two residences.
Where is this duplex located?
The property is located at 10194 TRAMORE AVE #A & B Englewood, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two separately rentable 2‑bedroom, 2‑bath residences; 2,342 heated square feet; 3,267 total square feet; Each unit has an attached one‑car garage
