Two-Home Residential Income
1115 SAN CRISTOBAL AVENUE Punta Gorda, FL 33983
For Sale
$589,900
Two updated residences sit on one lot, separated by a 15-foot courtyard and each with a detached two-car garage.
Property Size2,586 SF
Lot Size0.51 Acres
Price / SF$228.11
Days on Market507
Property Features for 1115 SAN CRISTOBAL AVENUE
General Information
- Standard status
- Active
- Size
- 2,586 SF
- Lot size
- 0.51 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1991
Listing Agency:
FLATFEE.COM
(954) 965-3990
Listed By:
Cliff Glansen · License #0707077
Source:
Exitrealty
Added: Mar 4, 2025
Changed: Jul 23
Last Checked: Jul 24 at 6:40AM
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 FLATFEE.COM
Investment Insights
Based on property information with market context.
This property offers two separate residences on one lot, divided by a 15-foot-wide courtyard. The first home is approximately 1,350 sq. ft., and the second is approximately 1,250 sq. ft. Both residences include detached two-car garages. Updates include newly renovated kitchens with granite countertops in one home and Corian in the other.
Additional improvements reported include hurricane-rated windows and doors in one residence, along with new roofs, gutters, air conditioning units, and hot water heaters for modern, efficient operation. The homes are located at 1115 San Cristobal Avenue in Punta Gorda, FL 33983.
The overall configuration supports separate residential living under one ownership, with a shared outdoor arrangement defined by the courtyard separation and individual garage access.
Additional improvements reported include hurricane-rated windows and doors in one residence, along with new roofs, gutters, air conditioning units, and hot water heaters for modern, efficient operation. The homes are located at 1115 San Cristobal Avenue in Punta Gorda, FL 33983.
The overall configuration supports separate residential living under one ownership, with a shared outdoor arrangement defined by the courtyard separation and individual garage access.
Key Highlights
- Two updated residences on one 0.51‑acre lot, separated by a 15‑foot‑wide courtyard
- Home 1 approx. 1,350 sq. ft. with newly renovated kitchen featuring granite countertops
- Home 2 approx. 1,250 sq. ft. with newly renovated kitchen featuring Corian countertops
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 | $44.1k | $17.04 |
| − Vacancy | −$8.3k | −$3.22 |
| EGI | $35.7k | $13.82 |
| − OpEx | −$10.7k | −$4.15 |
| NOI | $25.0k | $9.67 |
2,586 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.4K
$312.7K – $416.9K
NOI $25,016 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,831 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$846.7K
$740.9K – $987.9K
NOI $59,271 @ 7.0% cap · market cap 10.05%
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 - Two updated residences sit on one lot, separated by a 15-foot courtyard and each with a detached two-car garage.
Where is this duplex located?
The property is located at 1115 SAN CRISTOBAL AVENUE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Two updated residences on one 0.51‑acre lot, separated by a 15‑foot‑wide courtyard; Home 1 approx. 1,350 sq. ft. with newly renovated kitchen featuring granite countertops; Home 2 approx. 1,250 sq. ft. with newly renovated kitchen featuring Corian countertops
