New Duplex Near Fisherman's
174 MADRID BOULEVARD Punta Gorda, FL 33950
174 MADRID BOULEVARD, Punta Gorda, FL, 33950
$634,900
For Sale
$634,900
High-end duplex under construction, prime location, investment potential.
Property Size2,746 SF
Lot Size0.33 Acres
Price / SF$231.21
Days on Market613
Property Features for 174 MADRID BOULEVARD
General Information
- Standard status
- Active
- Size
- 2,746 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2024
Listing Agency
Marshall Reddick Real Estate
(239) 236-8601
Listed by
Kou Vang · License #251553051
(239) 236-8601
Source
Exitrealty
Added: Nov 11, 2024 Checked: Jul 17 at 4:07 am
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 Marshall Reddick Real Estate
Investment Insights
Based on property information with market context.
This under-construction duplex offers modern luxury with hard surface countertops, tile floors, designer fans, eight-foot doors, and new appliances. The property is suitable for those seeking to live on one side and lease the other, or for investors looking for a rental property. Located minutes from restaurants, entertainment, waterfront attractions, and less than 2 miles from Fisherman’s Village, this duplex is situated for convenience and lifestyle. The property is suitable to attract rental demand and long-term value. The property size is 2746 square feet.
Key Highlights
- Prime Location: Minutes from top restaurants, entertainment, waterfront attractions, and less than 2 miles from Fisherman's Village.
- High‑End Finishes: Features sleek hard surface countertops, tile floors, designer fans, eight‑foot doors, and brand‑new appliances.
- Investment Potential: Ideal for renting one side and living on the other, or as a prime rental property.
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 | $46.8k | $17.04 |
| − Vacancy | −$8.8k | −$3.22 |
| EGI | $37.9k | $13.82 |
| − OpEx | −$11.4k | −$4.15 |
| NOI | $26.6k | $9.67 |
2,746 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.5K
$332.1K – $442.7K
NOI $26,564 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$346.3K
$303.0K – $404.1K
NOI $24,243 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$899.1K
$786.7K – $1.05M
NOI $62,938 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - High-end duplex under construction, prime location, investment potential.
Where is this duplex located?
The property is located at 174 MADRID BOULEVARD Punta Gorda, FL.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: Prime Location: Minutes from top restaurants, entertainment, waterfront attractions, and less than 2 miles from Fisherman's Village.; High‑End Finishes: Features sleek hard surface countertops, tile floors, designer fans, eight‑foot doors, and brand‑new appliances.; Investment Potential: Ideal for renting one side and living on the other, or as a prime rental property.
