New Construction Duplex Income
12208-10 Tetzel Ave Port Charlotte, FL 33981
For Sale
$498,000
Duplex with two rental units, private garages, and open-concept living layouts, offered with existing tenants.
Property Size2,400 SF
Price / SF$207.50
Days on Market9
Property Features for 12208-10 Tetzel Ave
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2023
Listing Agency:
LPT REALTY, LLC
(941) 391-3555
Listed By:
Nicola Long · License #3632041
Source:
Whitesandsfl
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 24 at 2:44PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This newly built duplex offers two separate residential units, each with spacious open-concept living areas and sleek interior finishes. The property includes private garages for each side, providing practical convenience for tenants.
The duplex is located in Port Charlotte, with proximity to Manasota Key beaches, Port Charlotte Town Center Mall, and Englewood Beach. The listing notes existing tenants in place, helping reduce the time and effort typically required to secure occupancy.
Offered for sale as a residential income property, the duplex is configured as a two-unit setup with a separate living plan on each side, making it suitable for buyers seeking an income-producing multi-family asset.
The duplex is located in Port Charlotte, with proximity to Manasota Key beaches, Port Charlotte Town Center Mall, and Englewood Beach. The listing notes existing tenants in place, helping reduce the time and effort typically required to secure occupancy.
Offered for sale as a residential income property, the duplex is configured as a two-unit setup with a separate living plan on each side, making it suitable for buyers seeking an income-producing multi-family asset.
Key Highlights
- Newly built duplex completed in 2023 with two rental units
- Offered with existing tenants for both units, with rental income already in place
- Each side features spacious open‑concept living with sleek finishes
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 | $40.9k | $17.04 |
| − Vacancy | −$7.7k | −$3.22 |
| EGI | $33.2k | $13.82 |
| − OpEx | −$9.9k | −$4.15 |
| NOI | $23.2k | $9.67 |
2,400 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.2K – $387.0K
NOI $23,217 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$302.7K
$264.9K – $353.2K
NOI $21,189 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,008 @ 7.0% cap · market cap 11.05%
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 - Duplex with two rental units, private garages, and open-concept living layouts, offered with existing tenants.
Where is this duplex located?
The property is located at 12208-10 Tetzel Ave Port Charlotte, FL.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Newly built duplex completed in 2023 with two rental units; Offered with existing tenants for both units, with rental income already in place; Each side features spacious open‑concept living with sleek finishes
