Updated Duplex Investment
21242 COULTON AVENUE Port Charlotte, FL 33952
21242 COULTON AVENUE, Port Charlotte, FL, 33952
$299,000
For Sale
$299,000
Well-maintained duplex with modern updates and rental income potential.
Property Size1,959 SF
Price / SF$152.63
Days on Market468
Property Features for 21242 COULTON AVENUE
General Information
- Standard status
- Active
- Size
- 1,959 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency
PROPERTY LIONS REALTY, INC
(941) 456-2676
Listed by
Matthew Rhoden · License #3418393
(941) 456-2676
Source
Exitrealty
Added: Apr 8, 2025 Checked: May 28 at 12:04 pm
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 PROPERTY LIONS REALTY, INC
Investment Insights
Based on property information with market context.
This well-maintained duplex presents an investment opportunity. The property features two units: one side with 3 bedrooms and 2 bathrooms, and the other with 2 bedrooms and 1 bathroom. Both units have been updated with granite countertops and newer electrical panels. The overhead plumbing has been re-piped. A newer roof and air conditioning system are in place. The property contains 1959 square feet.
Key Highlights
- Well‑maintained duplex offering immediate rental income potential.
- Features a spacious 3‑bedroom, 2‑bathroom unit and a 2‑bedroom, 1‑bathroom unit.
- Modern updates include granite countertops, newer electrical panels, and re piped overhead plumbing.
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 | $33.4k | $17.04 |
| − Vacancy | −$6.3k | −$3.22 |
| EGI | $27.1k | $13.82 |
| − OpEx | −$8.1k | −$4.15 |
| NOI | $19.0k | $9.67 |
1,959 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.7K
$236.9K – $315.9K
NOI $18,951 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$247.1K
$216.2K – $288.3K
NOI $17,295 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$641.4K
$561.3K – $748.3K
NOI $44,900 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with modern updates and rental income potential.
Where is this duplex located?
The property is located at 21242 COULTON AVENUE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Well‑maintained duplex offering immediate rental income potential.; Features a spacious 3‑bedroom, 2‑bathroom unit and a 2‑bedroom, 1‑bathroom unit.; Modern updates include granite countertops, newer electrical panels, and re piped overhead plumbing.
