Updated Two-Unit
11231 Pendleton Ave Unit 2 Englewood, FL 34224
New
For Sale
$289,000
Updated two-bedroom, two-bath units each include interior laundry and a screened lanai overlooking the back yard.
Property Size2,016 SF
Price / SF$143.35
Days on Market4
Property Features for 11231 Pendleton Ave Unit 2
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1985
Listing Agency:
BRIGHT REALTY
(941) 539-3467
Listed By:
Halina Pilarska · License #0676892
Source:
Whitesandsfl
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 24 at 2:45PM
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 BRIGHT REALTY
Investment Insights
Based on property information with market context.
This updated duplex offers two residential units, each featuring two bedrooms and two bathrooms. Each unit includes its own interior laundry. The layout combines a spacious dining and living room area, with tile and vinyl flooring throughout.
Both units also provide a screened lanai that overlooks the back yard. The property is described as conveniently located within minutes to shopping, schools, and beaches.
Unit interiors include separate two-bedroom, two-bath configurations, designed around an open dining and living room combo, with in-unit laundry and covered outdoor lanai space.
Both units also provide a screened lanai that overlooks the back yard. The property is described as conveniently located within minutes to shopping, schools, and beaches.
Unit interiors include separate two-bedroom, two-bath configurations, designed around an open dining and living room combo, with in-unit laundry and covered outdoor lanai space.
Key Highlights
- 1985‑built duplex with two updated 2‑bedroom, 2‑bath units
- Each unit includes interior laundry
- Spacious living and dining room combo in each unit
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 | $34.4k | $17.04 |
| − Vacancy | −$6.5k | −$3.22 |
| EGI | $27.9k | $13.82 |
| − OpEx | −$8.4k | −$4.15 |
| NOI | $19.5k | $9.67 |
2,016 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.8K – $325.0K
NOI $19,502 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,799 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 15.99%
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 - Updated two-bedroom, two-bath units each include interior laundry and a screened lanai overlooking the back yard.
Where is this duplex located?
The property is located at 11231 Pendleton Ave Unit 2 Englewood, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1985‑built duplex with two updated 2‑bedroom, 2‑bath units; Each unit includes interior laundry; Spacious living and dining room combo in each unit
