Duplex with Two-Bedroom
For Sale
$599,000
8581 Agate ST, Port Charlotte, FL 33981
The upper residence has three bedrooms, while the lower residence offers two bedrooms and indoor laundry hookups.
Property Size2,619 SF
Price / SF$228.71
Days on Market1039
Property Features for 8581 Agate ST
General Information
Standard status
Active
Size
2,619 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,109
Building Details
Building Size
2,619 SF
Year Built
2021
Listing Agency:
Green Life Projects LLC
Listed By:
Ada Rinaudo · License #277040994
(305) 386-9190
Source:
Homematchmakingrealty
Added: Dec 26, 2023
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
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 Green Life Projects LLC
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Investment Insights
Based on property information with market context.
Built in 2021, this 2,619-square-foot duplex has two residences: an upper unit with 3 bedrooms and 2 bathrooms, and a lower unit with 2 bedrooms and 2 bathrooms. Interior features include vinyl wood flooring, quartz countertops, and black stainless steel appliances. A washer and dryer hookup closet is located inside the home.
The property has a metal roof with a warranty, impact-rated windows and doors, LED lighting, and a garage with an automatic opener. Water and sewer service are present.
The property has a metal roof with a warranty, impact-rated windows and doors, LED lighting, and a garage with an automatic opener. Water and sewer service are present.
Key Highlights
- 2,619‑square‑foot duplex built in 2021
- Upper unit has 3 bedrooms and 2 bathrooms; lower unit has 2 bedrooms and 2 bathrooms
- Metal roof includes a warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,335
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,700
$506.7K
Cap Rate 7%
$361,929
$361.9K
Cap Rate 9%
$281,500
$281.5K
Market Conditions
NOI Build-Up for 2,619 SF
Gross rent
$44.6K $17.04/SF
− Vacancy
−$8.4K −$3.22/SF
EGI
$36.2K $13.82/SF
− OpEx
−$10.9K −$4.15/SF
NOI
$25.3K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,700
Cap Rate 7%
$361,929
Cap Rate 9%
$281,500
Alternative Uses
Best Use
Multifamily LT 5
$361.9K
$316.7K – $422.3K
NOI $25,335 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$330.3K
$289.0K – $385.4K
NOI $23,122 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$857.5K
$750.3K – $1.00M
NOI $60,027 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 33981, FL
13,574
Population
7,808
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
93%
High-School Grad
45.4 sq mi
ZIP Area
299
Density / Sq Mi
$71,266
Median Household Income
$36,931
Median Earnings
$1,198
Median Rent
$355,600
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 - The upper residence has three bedrooms, while the lower residence offers two bedrooms and indoor laundry hookups.
Where is this duplex located?
The property is located at 8581 Agate ST Port Charlotte, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,619‑square‑foot duplex built in 2021; Upper unit has 3 bedrooms and 2 bathrooms; lower unit has 2 bedrooms and 2 bathrooms; Metal roof includes a warranty
