Updated Duplex Rental
12125 Margarita Ave North Port, FL 34287
New
12125 Margarita Ave, North Port, FL, 34287
$380,000
For Sale
$380,000
Each unit features modern granite kitchens, remodeled baths, in-unit laundry, and dedicated covered parking.
Property Size1,585 SF
Price / SF$239.75
Days on Market2
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
(941) 525-6818
Listed by
Regina Melman · License #3455400
Source
Whitesandsfl
Added: Jul 21 Updated: Jul 22 at 4:45AM Checked: Jul 22 at 4:45AM
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 offers two separate, self-contained units. Both units feature tile flooring throughout, modern kitchens with granite countertops, tile backsplash, and stainless steel appliances, along with fully equipped kitchens. The bathrooms have been completely remodeled, and each unit includes its own laundry area for added convenience. Outside, each unit has a full carport plus additional paved driveway parking, and there is a storage shed in the backyard.
The property has had major updates including new electric panels, a water filtration system, windows, gutters, and a paved driveway. Additional mechanical improvements include a new roof (2025), drainfields replaced in November 2012, a new well and pump (2025), and air conditioning in Unit 1 (2015) and Unit 2 (August 2018).
Located within walking distance of Warm Mineral Springs and close to shopping, restaurants, banking, and medical facilities, this duplex is positioned for either short-term or long-term rental use. It is not in a flood zone.
The property has had major updates including new electric panels, a water filtration system, windows, gutters, and a paved driveway. Additional mechanical improvements include a new roof (2025), drainfields replaced in November 2012, a new well and pump (2025), and air conditioning in Unit 1 (2015) and Unit 2 (August 2018).
Located within walking distance of Warm Mineral Springs and close to shopping, restaurants, banking, and medical facilities, this duplex is positioned for either short-term or long-term rental use. It is not in a flood zone.
Key Highlights
- Year built 1969 duplex with two fully equipped kitchens featuring granite countertops and stainless steel appliances
- Both units have remodeled bathrooms and dedicated laundry areas
- Major updates include electric panels, water filtration system, windows, gutters, and a paved driveway
Local 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 | $25.7k | $16.20 |
| − Vacancy | −$2.5k | −$1.60 |
| EGI | $23.1k | $14.60 |
| − OpEx | −$6.9k | −$4.38 |
| NOI | $16.2k | $10.22 |
1,585 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Each unit features modern granite kitchens, remodeled baths, in-unit laundry, and dedicated covered parking.
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 $380,000.
What are key features of this property?
This property features: Year built 1969 duplex with two fully equipped kitchens featuring granite countertops and stainless steel appliances; Both units have remodeled bathrooms and dedicated laundry areas; Major updates include electric panels, water filtration system, windows, gutters, and a paved driveway
