438 Granada Blvd North Port, FL 34287
Income-generating triplex near Warm Mineral Springs, North Port, Florida.
- Added:
- Jan 6, 2026
- Days on Market:
- 188
- Last Refresh:
- May 12 at 8:32 pm
Property Features for 438 Granada Blvd
General Information
- Standard status
- Active
- Size
- 2,735 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing office RE/MAX Palm Realty (941) 525-6818
Listing date Jan 6, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Excellent income opportunity with three units: two 2‑bedroom units and one 1‑bedroom unit.
- No HOA or CDD fees.
- Located minutes away from Warm Mineral Springs.
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 | $44.3k | $16.20 |
| − Vacancy | −$4.4k | −$1.60 |
| EGI | $39.9k | $14.60 |
| − OpEx | −$12.0k | −$4.38 |
| NOI | $28.0k | $10.22 |