Updated Duplex Near Warm
For Sale
$375,000
12125 Margarita Ave, North Port, FL 34287
Updated duplex with strong rental potential near Warm Mineral Springs.
Property Size1,585 SF
Price / SF$236.59
Days on Market146
Property Features for 12125 Margarita Ave
General Information
Standard status
Active
Size
1,585 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
RE/MAX PALM REALTY OF VENICE
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Source:
Whitesandsfl
Added: May 21
Changed: Oct 2
Last Checked: Oct 7 at 4:10PM
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 RE/MAX PALM REALTY OF VENICE
Investment Insights
Based on property information with market context.
This updated duplex presents an opportunity for short-term or long-term rentals, situated within walking distance of Warm Mineral Springs. Located in a desirable area of North Port, the property is not in a flood zone. Both units feature tile flooring throughout, modern kitchens with granite countertops, tile backsplashes, and stainless steel appliances. The kitchens are fully equipped, and the bathrooms have been completely remodeled. Each unit includes its own laundry area. Updates include electric panels, a water filtration system, windows, gutters, and a paved driveway. Each unit also offers a full carport plus additional paved driveway parking. Additional features include a storage shed in the backyard and solid mechanical updates: The roof and a new well & pump are planned for 2025, both drainfields were replaced in November 2012, A/C in Unit 1 was installed in 2015 and Unit 2 in August 2018. The property is located close to shopping, restaurants, banking, and medical facilities, and is 15–20 minutes from the Gulf beaches in Venice and Englewood. The property is intended for generating income.
Key Highlights
- Walking distance to Warm Mineral Springs, offering strong short‑term/long‑term rental potential.
- Updated with MODERN KITCHENS (granite countertops, stainless steel appliances), REMODELED BATHROOMS, and tile flooring throughout both units.
- Major updates completed: electric panels, water filtration system, windows, gutters, and paved driveway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,198
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
$324.0K
Cap Rate 7%
$231,400
$231.4K
Cap Rate 9%
$179,978
$180.0K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$25.7K $16.20/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$23.1K $14.60/SF
− OpEx
−$6.9K −$4.38/SF
NOI
$16.2K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
Cap Rate 7%
$231,400
Cap Rate 9%
$179,978
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
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Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with strong rental potential near Warm Mineral Springs.
Where is this duplex located?
The property is located at 12125 Margarita Ave North Port, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Walking distance to Warm Mineral Springs, offering strong short‑term/long‑term rental potential.; Updated with MODERN KITCHENS (granite countertops, stainless steel appliances), REMODELED BATHROOMS, and tile flooring throughout both units.; Major updates completed: electric panels, water filtration system, windows, gutters, and paved driveway.
