Duplex with Updated
For Sale
$335,000
6260 LANDOVER TER, North Port, FL 34287
One residence is vacant, while separate HVAC systems and laundry hookups serve each unit.
Property Size1,842 SF
Price / SF$181.87
Days on Market538
Property Features for 6260 LANDOVER TER
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,178
Amenities
storage unit
Building Details
Building Size
1,842 SF
Year Built
1973
Buildings
1
Listing Agency:
GAILEY ENTERPRISES REAL ESTATE
Listed By:
Aiyana Ward · License #3511208
(770) 733-2596
Source:
Homematchmakingrealty
Added: May 9, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
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 GAILEY ENTERPRISES REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1973, this 1,842-square-foot duplex contains two units, one of which is vacant. Both have luxury vinyl plank flooring. Renovations include updated kitchens and bathrooms, with one unit also featuring quartz countertops, tile backsplash, and stainless-steel appliances. Each residence has its own HVAC system and separately metered washer and dryer hookups. A storage unit is also on site.
The exterior has been repainted, and the roof was replaced in 2023. Other reported work includes copper wiring, new electrical panel boxes, and re-plumbing. The property is in North Port, with access to I-75 and U.S. 41. Its zoning was recently updated to allow commercial or business opportunities.
The exterior has been repainted, and the roof was replaced in 2023. Other reported work includes copper wiring, new electrical panel boxes, and re-plumbing. The property is in North Port, with access to I-75 and U.S. 41. Its zoning was recently updated to allow commercial or business opportunities.
Key Highlights
- Two‑unit duplex with one unit currently vacant
- 1,842 square feet; built in 1973
- Both units have luxury vinyl plank flooring and updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,825
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,500
$376.5K
Cap Rate 7%
$268,929
$268.9K
Cap Rate 9%
$209,167
$209.2K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$29.8K $16.20/SF
− Vacancy
−$2.9K −$1.60/SF
EGI
$26.9K $14.60/SF
− OpEx
−$8.1K −$4.38/SF
NOI
$18.8K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,500
Cap Rate 7%
$268,929
Cap Rate 9%
$209,167
Alternative Uses
Best Use
Multifamily LT 5
$268.9K
$235.3K – $313.8K
NOI $18,825 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,646 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while separate HVAC systems and laundry hookups serve each unit.
Where is this duplex located?
The property is located at 6260 LANDOVER TER North Port, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex with one unit currently vacant; 1,842 square feet; built in 1973; Both units have luxury vinyl plank flooring and updated kitchens and bathrooms
