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Updated Duplex in Port Charlotte

183 BAMBOO DRIVE B Port Charlotte, FL 33954

183 BAMBOO DRIVE B, Port Charlotte, FL, 33954
$298,000
For Sale
Claim this Listing
$298,000

Fully occupied duplex generating $36,000 annual income.

Property Size1,986 SF
Lot Size0.23 Acres
Price / SF$150.05
AddedJan 23, 2025
Days on Market538
Last RefreshMay 20 at 2:16 am

Property Features for 183 BAMBOO DRIVE B

General Information

Standard status
Active
Size
1,986 SF
Lot size
0.23 Acres
Property subtype
Multi Family

Building Details

Year Built
1985

Listing office MCBRIDE KELLY & ASSOCIATES

Listing date Jan 23, 2025

Source Exitrealty

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 MCBRIDE KELLY & ASSOCIATES


Investment Insights

Based on property information with market context.

This is a fully occupied duplex property, currently under contract and accepting backup offers. The property is well-maintained and updated, with a history of rare vacancies. It generates an income of $3,000 per month, totaling $36,000 annually. The property consists of two units, each featuring 2 bedrooms and 2 bathrooms. The property was not damaged by hurricanes Helene or Milton. The property is one of nine units available as a portfolio sale, but it can also be purchased separately. This stabilized asset is suitable for both new and experienced investors, as well as individuals looking to offset their mortgage. The property size is 1,986 square feet and is located in Port Charlotte, Florida.

Key Highlights

  • $3,000/month income ($36,000 annually).
  • Fully occupied by tenants.
  • Well‑maintained and updated duplex with rare vacancies.

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 $33.8k $17.04
− Vacancy −$6.4k −$3.22
EGI $27.4k $13.82
− OpEx −$8.2k −$4.15
NOI $19.2k $9.67
1,986 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$274.5K
$240.2K – $320.2K (±1% cap)
NOI $19,212 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$250.5K
$219.2K – $292.2K (±1% cap)
NOI $17,534 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$650.3K
$569.0K – $758.7K (±1% cap)
NOI $45,519 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Restaurant Dental Office Big Box & Wholesale Store Law Firm Building Supply Hair Salon Pharmacy Spa & Massage Center Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully occupied duplex generating $36,000 annual income.
Where is this duplex located?
The property is located at 183 BAMBOO DRIVE B Port Charlotte, FL.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: $3,000/month income ($36,000 annually).; Fully occupied by tenants.; Well‑maintained and updated duplex with rare vacancies.
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