New Duplex Under
1320 RIO DE JANEIRO AVENUE Punta Gorda, FL 33983
1320 RIO DE JANEIRO AVENUE, Punta Gorda, FL, 33983
$589,000
For Sale
$589,000
Under-construction duplex with two identical residences, each featuring 3 bedrooms, 2 baths, and a 1-car garage.
Property Size2,700 SF
Price / SF$218.15
Days on Market664
Property Features for 1320 RIO DE JANEIRO AVENUE
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2024
Listing agency
Beycome Of Florida LLC
(804) 656-5007
Listed by
Steven Koleno · License #3469487
(804) 656-5007
Source
Exitrealty
Added: Sep 27, 2024 Updated: Jul 21 at 3:28AM Checked: Jul 21 at 3:28AM
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 Beycome Of Florida LLC
Investment Insights
Based on property information with market context.
Under construction duplex in the Deep Creek community offering two mirrored residential units, each with 3 bedrooms and 2 bathrooms. Each side includes a 1-car garage, high ceilings, quartz countertops in the kitchen and bathrooms, and modern stainless steel appliances. The plan also calls for a spacious laundry room with a sink, impact-resistant windows, window blinds, and fans in all rooms. Flooring is described as carpet-free throughout. Primary bedrooms include a large walk-in closet, and each unit features a private screened lanai with a view. A large backyard and ample driveway space are also indicated.
The property is located in Punta Gorda, FL, with proximity described as minutes from I-75 and close to beaches, shopping, including Walmart, and local markets. Remarks also note the home is in a family-friendly neighborhood and that pets are welcome.
All permits are stated as approved, and photos of similar duplexes are referenced for review.
The property is located in Punta Gorda, FL, with proximity described as minutes from I-75 and close to beaches, shopping, including Walmart, and local markets. Remarks also note the home is in a family-friendly neighborhood and that pets are welcome.
All permits are stated as approved, and photos of similar duplexes are referenced for review.
Key Highlights
- Under‑construction duplex (2 units) built in 2024, each unit offering 3 bedrooms and 2 bathrooms
- Each unit includes a 1‑car garage plus impact‑resistant windows
- Quartz countertops in the kitchens and bathrooms, with stainless steel appliances included
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 | $46.0k | $17.04 |
| − Vacancy | −$8.7k | −$3.22 |
| EGI | $37.3k | $13.82 |
| − OpEx | −$11.2k | −$4.15 |
| NOI | $26.1k | $9.67 |
2,700 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.1K
$326.5K – $435.3K
NOI $26,119 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$340.5K
$298.0K – $397.3K
NOI $23,837 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$884.1K
$773.6K – $1.03M
NOI $61,884 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Under-construction duplex with two identical residences, each featuring 3 bedrooms, 2 baths, and a 1-car garage.
Where is this duplex located?
The property is located at 1320 RIO DE JANEIRO AVENUE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Under‑construction duplex (2 units) built in 2024, each unit offering 3 bedrooms and 2 bathrooms; Each unit includes a 1‑car garage plus impact‑resistant windows; Quartz countertops in the kitchens and bathrooms, with stainless steel appliances included
