Renovated Waterfront
For Sale
$425,000
108 Boundary Boulevard B, Rotonda West, FL 33947
Fully occupied two-unit property with screened lanais, updated interiors, a private dock, and waterfront views.
Property Size1,656 SF
Price / SF$256.64
Days on Market53
Property Features for 108 Boundary Boulevard B
General Information
Standard status
Active
Size
1,656 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private dock
Building Details
Year Built
1977
Buildings
1
Listing Agency:
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Listed By:
Traci Creighton · License #BK3374207
(941) 451-9419
Source:
Whitesandsfl
Added: Sep 2
Changed: Oct 5
Last Checked: Oct 7 at 3:12PM
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 KELLER WILLIAMS ISLAND LIFE REAL ESTATE
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Investment Insights
Based on property information with market context.
This renovated duplex contains two occupied units, each arranged with 2 bedrooms, 1 bathroom, and a private screened lanai. Interior improvements include refreshed kitchens and bathrooms, newer cabinetry, modern ceiling fans, updated appliances, and fresh interior and exterior paint. Each unit also includes a washer/dryer combination, range, refrigerator, microwave, and disposal. The property was built in 1977 and has two brand-new A/C units and roofs completed in 2023.
Waterfront surroundings include views toward the water, park, marina, golf club, and Oakland Hills Island. A private dock adds direct access to the waterfront, while a newly sealed asphalt parking area accommodates up to six vehicles. The property is in Rotonda West, approximately 8 miles from Boca Grande and Englewood beaches, with nearby golf courses, a marina, community boat ramp, walking and biking trails, dining, and recreational amenities.
Waterfront surroundings include views toward the water, park, marina, golf club, and Oakland Hills Island. A private dock adds direct access to the waterfront, while a newly sealed asphalt parking area accommodates up to six vehicles. The property is in Rotonda West, approximately 8 miles from Boca Grande and Englewood beaches, with nearby golf courses, a marina, community boat ramp, walking and biking trails, dining, and recreational amenities.
Key Highlights
- Both units are occupied, with each offering 2 bedrooms and 1 bathroom
- Waterfront setting with private dock and views of the water, park, marina, and golf club
- Two brand‑new A/C units and roofs completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,019
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,380
$320.4K
Cap Rate 7%
$228,843
$228.8K
Cap Rate 9%
$177,989
$178.0K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$28.2K $17.04/SF
− Vacancy
−$5.3K −$3.22/SF
EGI
$22.9K $13.82/SF
− OpEx
−$6.9K −$4.15/SF
NOI
$16.0K $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%
$320,380
Cap Rate 7%
$228,843
Cap Rate 9%
$177,989
Alternative Uses
Best Use
Multifamily LT 5
$228.8K
$200.2K – $267.0K
NOI $16,019 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,620 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$542.2K
$474.5K – $632.6K
NOI $37,956 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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Business Placement
Demographics for 33947, FL
10,462
Population
6,973
Households
1.5
Avg Household Size
65
Median Age
30%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
787
Density / Sq Mi
$73,453
Median Household Income
$42,875
Median Earnings
$1,359
Median Rent
$352,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with screened lanais, updated interiors, a private dock, and waterfront views.
Where is this duplex located?
The property is located at 108 Boundary Boulevard B Rotonda West, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Both units are occupied, with each offering 2 bedrooms and 1 bathroom; Waterfront setting with private dock and views of the water, park, marina, and golf club; Two brand‑new A/C units and roofs completed in 2023
