Tenant-Occupied
For Sale
$485,000
2088 FERNWOOD ST, Port Charlotte, FL 33948
Both residences offer open living and dining areas, walk-in closets, and central air conditioning.
Property Size2,302 SF
Days on Market8
Property Features for 2088 FERNWOOD ST
General Information
Standard status
Active
Size
2,302 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$748
Amenities
central air conditioning
covered porches
Building Details
Building Size
2,302 SF
Year Built
2025
Buildings
1
Construction
block and stucco
Listing Agency:
ADAN INVESTMENTS REAL ESTATE GROUP, PLLC
Listed By:
Adan Ordonez · License #3188653
(407) 967-2867
Source:
Nixandassociates
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 21 at 3:53AM
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 ADAN INVESTMENTS REAL ESTATE GROUP, PLLC
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Investment Insights
Based on property information with market context.
Built in 2025, this 2,302-square-foot duplex has two tenant-occupied residences. Each features open living and dining areas, walk-in closets, and central air conditioning. Block-and-stucco construction, a shingle roof, covered porches, and separate entrances complete the building's layout.
Key Highlights
- 2,302‑square‑foot duplex built in 2025
- Both residences are occupied by tenants
- Open living and dining areas in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,269
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,380
$445.4K
Cap Rate 7%
$318,129
$318.1K
Cap Rate 9%
$247,433
$247.4K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$39.2K $17.04/SF
− Vacancy
−$7.4K −$3.22/SF
EGI
$31.8K $13.82/SF
− OpEx
−$9.5K −$4.15/SF
NOI
$22.3K $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%
$445,380
Cap Rate 7%
$318,129
Cap Rate 9%
$247,433
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.4K – $371.2K
NOI $22,269 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$290.3K
$254.0K – $338.7K
NOI $20,323 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$753.7K
$659.5K – $879.4K
NOI $52,762 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
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Business Placement
Demographics for 33948, FL
17,190
Population
9,297
Households
1.8
Avg Household Size
57
Median Age
20%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
1,322
Density / Sq Mi
$60,788
Median Household Income
$33,979
Median Earnings
$1,384
Median Rent
$279,500
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 - Both residences offer open living and dining areas, walk-in closets, and central air conditioning.
Where is this duplex located?
The property is located at 2088 FERNWOOD ST Port Charlotte, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,302‑square‑foot duplex built in 2025; Both residences are occupied by tenants; Open living and dining areas in each residence
