Updated Duplex in Port
183 BAMBOO DRIVE B, Port Charlotte, FL 33954
Fully occupied duplex generating $36,000 annual income.
Type:Multi Family
Property size:
1,986 SFLot size:
0.23 AcresPrice / SF:
$150/SF- Added:
- Jan 23, 2025
- Days on Market:
- 493
- Last Refresh:
- May 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 agent Charles Parrish License #3500720 (352) 318-9514
Listing office MCBRIDE KELLY & ASSOCIATES (352) 318-9514
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
HighLights
- $3,000/month income ($36,000 annually).
- Fully occupied by tenants.
- Well‑maintained and updated duplex with rare vacancies.
- No hurricane damage from Helene or Milton.
- (2) 2 Bedroom 2 Bathroom Units.
- Stabilized asset suitable for investors or house hackers.
Overview
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.
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
NOI $19,212 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$250.5K
$219.2K – $292.2K
NOI $17,534 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$650.3K
$569.0K – $758.7K
NOI $45,519 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Port Charlotte
- County
- Charlotte
- State
- Florida
- Longitude
- -82.19524
- Latitude
- 27.02784
Nearby Similar for Sale
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.
