Renovated Single-Story
For Sale
$859,000
2417 MAGDALINA DRIVE, Punta Gorda, FL 33950
Three fully leased residences offer two bedrooms, two bathrooms, private laundry, and garage parking in each unit.
Property Size3,641 SF
Price / SF$235.92
Days on Market56
Property Features for 2417 MAGDALINA DRIVE
General Information
Standard status
Active
Size
3,641 SF
Total Parking Spaces
4
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
CAPTAINS REALTY LLC
(941) 626-1329
Listed By:
Robert Babineau · License #3031228
(904) 687-7876
Source:
Endlesssummerrealty
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 14 at 11:45PM
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 CAPTAINS REALTY LLC
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Investment Insights
Based on property information with market context.
This single-level triplex contains three two-bedroom, two-bath residences and is fully leased. Unit A has been comprehensively renovated with an open layout, laminate flooring, granite countertops, stainless steel appliances, refreshed bathrooms, a two-car garage, gated front patio, and side lanai. Units B and C each include a one-car garage; Unit B also provides guest parking and in-suite laundry, while Unit C features updated finishes, modern appliances, a walk-in closet, screened lanai, private yard, irrigation system, and hurricane shutters. Each residence includes its own washer and dryer, with layouts offering living, dining, kitchen, storage, and bedroom areas.
Key Highlights
- Three fully leased units, each with 2 bedrooms and 2 bathrooms
- Unit A renovation includes granite counters, stainless appliances, laminate flooring, and a 2‑car garage
- Units B and C each include a 1‑car garage; Unit B also has guest parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,222
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,440
$704.4K
Cap Rate 7%
$503,171
$503.2K
Cap Rate 9%
$391,356
$391.4K
Market Conditions
NOI Build-Up for 3,641 SF
Gross rent
$62.0K $17.04/SF
− Vacancy
−$11.7K −$3.22/SF
EGI
$50.3K $13.82/SF
− OpEx
−$15.1K −$4.15/SF
NOI
$35.2K $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%
$704,440
Cap Rate 7%
$503,171
Cap Rate 9%
$391,356
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.8K
NOI $32,145 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,452 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three fully leased residences offer two bedrooms, two bathrooms, private laundry, and garage parking in each unit.
Where is this triplex located?
The property is located at 2417 MAGDALINA DRIVE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Three fully leased units, each with 2 bedrooms and 2 bathrooms; Unit A renovation includes granite counters, stainless appliances, laminate flooring, and a 2‑car garage; Units B and C each include a 1‑car garage; Unit B also has guest parking
