First Floor Condo Lake
25275 RAMPART BOULEVARD 303 Punta Gorda, FL 33983
25275 RAMPART BOULEVARD 303, Punta Gorda, FL, 33983
$142,500
Pending
For Sale
$142,500
Pending
Two-bedroom condo with lake views, community pool, and low HOA.
Property Size886 SF
Days on Market946
Property Features for 25275 RAMPART BOULEVARD 303
General Information
- Standard status
- Pending
- Size
- 886 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing agency
COLDWELL BANKER SARASOTA CENT.
(941) 685-6556
Listed by
Maria Reimann · License #3578762
(941) 685-6556
Source
Exitrealty
Added: Dec 19, 2023 Updated: Jul 10 at 1:06PM Checked: Jul 22 at 6:30AM
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 COLDWELL BANKER SARASOTA CENT.
Investment Insights
Based on property information with market context.
This first-floor condo in Lakeside of Charlotte County features views of a 16-acre lake. The two-bedroom, two-bathroom unit has an open floor plan with tile flooring throughout, blinds on all windows and the slider, ceiling fans, and a built-in desk and TV stand with storage. The master bedroom includes an en suite bathroom and a walk-in closet. The kitchen is equipped with Corian counters, a pantry, and a breakfast bar. Hurricane shutters are installed on all windows and the slider. The quarterly HOA fee is $825, covering common area costs, water, sewer, and trash services. Residents have access to a community pool and clubhouse located across the parking lot. A new roof was installed in 2023. The property is located close to I-75, shopping, and restaurants, and is a 15-minute drive to Historic Downtown Punta Gorda. The property size is 886 square feet.
Key Highlights
- Rarely available 1st floor condo with gorgeous views of the 16 acre lake.
- Low HOA fee of $825 quarterly includes water, sewer, and trash.
- Hurricane shutters on all windows and slider.
Local Financial Insights For Apartment 5plus
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 | $17.8k | $20.04 |
| − Vacancy | −$3.5k | −$3.99 |
| EGI | $14.2k | $16.05 |
| − OpEx | −$6.4k | −$7.22 |
| NOI | $7.8k | $8.83 |
886 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$111.7K
$97.8K – $130.4K
NOI $7,822 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.1K
$253.8K – $338.5K
NOI $20,307 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lakeside of Charlotte County
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom condo with lake views, community pool, and low HOA.
Where is this residential income property located?
The property is located at 25275 RAMPART BOULEVARD 303 Punta Gorda, FL.
What is the asking price?
The asking price for this property is $142,500.
What are key features of this property?
This property features: Rarely available 1st floor condo with gorgeous views of the 16 acre lake.; Low HOA fee of $825 quarterly includes water, sewer, and trash.; Hurricane shutters on all windows and slider.
