Triplex Income
355 BOUNDARY BOULEVARD A-C Rotonda West, FL 33947
For Sale
$650,000
Well-maintained 2004-built triplex with three units, each featuring private entry and screened porch.
Property Size2,962 SF
Price / SF$219.45
Days on Market537
Property Features for 355 BOUNDARY BOULEVARD A-C
General Information
- Standard status
- Active
- Size
- 2,962 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2004
Listing Agency:
TARPON REAL ESTATE, INC.
(941) 662-7451
Listed By:
Stephinie Futch · License #3512454
(941) 662-7451
Source:
Exitrealty
Added: Feb 2, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:45AM
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 TARPON REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This for-sale triplex was built in 2004 and maintained as an income-producing property. The building contains three spacious units, each with an open layout that connects the kitchen to the dining and living areas. Each unit includes two bedrooms, a full bathroom, and an additional half bath.
Tenants have a private entry and a screened porch off the living room. The porch also incorporates the laundry room and provides storage space for the hot water tank. The property was updated with a brand-new roof in 2022.
The address is 355 BOUNDARY BOULEVARD A-C in Rotonda West, Florida 33947.
Tenants have a private entry and a screened porch off the living room. The porch also incorporates the laundry room and provides storage space for the hot water tank. The property was updated with a brand-new roof in 2022.
The address is 355 BOUNDARY BOULEVARD A-C in Rotonda West, Florida 33947.
Key Highlights
- Triplex built in 2004 with 3 units, each approximately 1,000 sq ft
- Each unit features its own private entry and a screened porch off the living room
- Open floor plan in each unit with kitchen, dining, and living areas
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 | $50.5k | $17.04 |
| − Vacancy | −$9.5k | −$3.22 |
| EGI | $40.9k | $13.82 |
| − OpEx | −$12.3k | −$4.15 |
| NOI | $28.7k | $9.67 |
2,962 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$409.3K
$358.2K – $477.6K
NOI $28,653 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$373.6K
$326.9K – $435.8K
NOI $26,150 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$969.8K
$848.6K – $1.13M
NOI $67,889 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Event Rescue: Exceptional ...
Event Planning
Essence of Business
Business Service Center
FAQs
What type of property is this?
Triplex - Well-maintained 2004-built triplex with three units, each featuring private entry and screened porch.
Where is this triplex located?
The property is located at 355 BOUNDARY BOULEVARD A-C Rotonda West, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Triplex built in 2004 with 3 units, each approximately 1,000 sq ft; Each unit features its own private entry and a screened porch off the living room; Open floor plan in each unit with kitchen, dining, and living areas
