Gutted Duplex Ready for
2900 VASCO STREET A & B Punta Gorda, FL 33950
2900 VASCO STREET A & B, Punta Gorda, FL, 33950
$195,000
For Sale
$195,000
Duplex with two 1-bedroom, 1-bath units and carports, fully gutted after storm flood damage.
Property Size1,040 SF
Price / SF$187.50
Days on Market523
Property Features for 2900 VASCO STREET A & B
General Information
- Standard status
- Active
- Size
- 1,040 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1959
Listing agency
RE/MAX PLATINUM REALTY
(941) 356-2585
Listed by
Jessica Bow · License #3335189
(941) 356-2585
Source
Exitrealty
Added: Feb 15, 2025 Updated: Jul 21 at 4:48AM Checked: Jul 22 at 7:52AM
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 RE/MAX PLATINUM REALTY
Investment Insights
Based on property information with market context.
This fully gutted duplex (Units A & B) is being sold as a renovation opportunity following flood damage from recent storms. Each unit is configured with 1 bedroom and 1 bathroom and includes a carport. The interior has been stripped back to a blank slate, while concrete walls and floors and a metal roof are already in place.
The property includes a large yard and is located near the water in Punta Gorda, Florida. With the substantial existing structural components remaining, the site is set up for redevelopment and restoration work.
The duplex layout provides two separate residential units on one property, each with its own basic 1-bedroom, 1-bath plan and carport parking.
The property includes a large yard and is located near the water in Punta Gorda, Florida. With the substantial existing structural components remaining, the site is set up for redevelopment and restoration work.
The duplex layout provides two separate residential units on one property, each with its own basic 1-bedroom, 1-bath plan and carport parking.
Key Highlights
- Duplex built in 1959 with two 1‑bedroom, 1‑bath units
- Each unit includes a carport
- Fully gutted after flood damage from recent storms
Local 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 | $17.7k | $17.04 |
| − Vacancy | −$3.3k | −$3.22 |
| EGI | $14.4k | $13.82 |
| − OpEx | −$4.3k | −$4.15 |
| NOI | $10.1k | $9.67 |
1,040 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$143.7K
$125.8K – $167.7K
NOI $10,061 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$131.2K
$114.8K – $153.0K
NOI $9,182 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$340.5K
$298.0K – $397.3K
NOI $23,837 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two 1-bedroom, 1-bath units and carports, fully gutted after storm flood damage.
Where is this duplex located?
The property is located at 2900 VASCO STREET A & B Punta Gorda, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Duplex built in 1959 with two 1‑bedroom, 1‑bath units; Each unit includes a carport; Fully gutted after flood damage from recent storms
