High-End Duplex
180 MADRID BOULEVARD Punta Gorda, FL 33950
For Sale
$607,990
Brand-new, tenant-occupied duplex with tile floors, hard-surface counters, 8-foot doors, and new appliances.
Property Size2,476 SF
Price / SF$245.55
Days on Market605
Property Features for 180 MADRID BOULEVARD
General Information
- Standard status
- Active
- Size
- 2,476 SF
- 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 25, 2024
Changed: Jul 23
Last Checked: Jul 23 at 3:37AM
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 brand-new, high-end duplex is tenant occupied and designed with modern finishes throughout. The interiors feature sleek hard-surface countertops, tile floors, designer fans, and 8-foot doors, along with new appliances.
The property is located minutes from restaurants, entertainment, and waterfront attractions, and is listed as less than 2 miles from Fisherman’s Village. Photos are from a completed, similar duplex, and one or more images may be virtually staged.
The duplex configuration supports separate living arrangements on each side, making it suitable for owner-occupants and rental-focused buyers looking for a residential income setup.
The property is located minutes from restaurants, entertainment, and waterfront attractions, and is listed as less than 2 miles from Fisherman’s Village. Photos are from a completed, similar duplex, and one or more images may be virtually staged.
The duplex configuration supports separate living arrangements on each side, making it suitable for owner-occupants and rental-focused buyers looking for a residential income setup.
Key Highlights
- Brand‑new duplex built in 2024 and currently tenant‑occupied
- Modern interior finishes include tile floors and sleek hard‑surface countertops
- 8‑foot doors plus designer fans throughout
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 | $42.2k | $17.04 |
| − Vacancy | −$8.0k | −$3.22 |
| EGI | $34.2k | $13.82 |
| − OpEx | −$10.3k | −$4.15 |
| NOI | $24.0k | $9.67 |
2,476 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.2K
$299.4K – $399.2K
NOI $23,952 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$810.7K
$709.4K – $945.8K
NOI $56,750 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brand-new, tenant-occupied duplex with tile floors, hard-surface counters, 8-foot doors, and new appliances.
Where is this duplex located?
The property is located at 180 MADRID BOULEVARD Punta Gorda, FL.
What is the asking price?
The asking price for this property is $607,990.
What are key features of this property?
This property features: Brand‑new duplex built in 2024 and currently tenant‑occupied; Modern interior finishes include tile floors and sleek hard‑surface countertops; 8‑foot doors plus designer fans throughout
