As-Is Duplex with Rehab
619 W Marion Avenue # B Punta Gorda, FL 33950
619 W Marion Avenue # B, Punta Gorda, FL, 33950
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For Sale
Contact for pricing
Duplex for sale sold strictly AS IS, requiring complete rehabilitation after hurricane damage.
Property Size1,268 SF
Price / SF$157.73
Days on Market12
Property Features for 619 W Marion Avenue # B
General Information
- Standard status
- Active
- Size
- 1,268 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing agency
Florida Home Center, LLC
(561) 703-3700
Listed by
Jaclyn Muskat · License #3010839
Source
Crexi
Added: Jul 11 Updated: Jul 21 at 5:54PM Checked: Jul 21 at 5:54PM
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 Florida Home Center, LLC
Investment Insights
Based on property information with market context.
This duplex property is offered for sale strictly AS IS and has hurricane damage, requiring complete rehabilitation. The opportunity is suited to buyers who want to renovate and reimagine the existing structure as a working duplex, with the flexibility to occupy one side while generating rental income from the other.
The property is located in Punta Gorda and is described as being one block from Gilchrist Park and Charlotte Harbor. The seller notes a probate sale and states that cash buyers are preferred.
At the time of sale, the property should be evaluated for scope and cost of renovation given the reported storm-related condition.
The property is located in Punta Gorda and is described as being one block from Gilchrist Park and Charlotte Harbor. The seller notes a probate sale and states that cash buyers are preferred.
At the time of sale, the property should be evaluated for scope and cost of renovation given the reported storm-related condition.
Key Highlights
- Duplex built in 1958 sold strictly AS IS, requiring complete rehabilitation after hurricane damage
- Duplex investment with potential for an owner‑occupant to live in one unit and rent the other
- Probate sale; cash buyers preferred
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 | $21.6k | $17.04 |
| − Vacancy | −$4.1k | −$3.22 |
| EGI | $17.5k | $13.82 |
| − OpEx | −$5.3k | −$4.15 |
| NOI | $12.3k | $9.67 |
1,268 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$175.2K
$153.3K – $204.4K
NOI $12,266 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$159.9K
$139.9K – $186.6K
NOI $11,195 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,063 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale sold strictly AS IS, requiring complete rehabilitation after hurricane damage.
Where is this duplex located?
The property is located at 619 W Marion Avenue # B Punta Gorda, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Duplex built in 1958 sold strictly AS IS, requiring complete rehabilitation after hurricane damage; Duplex investment with potential for an owner‑occupant to live in one unit and rent the other; Probate sale; cash buyers preferred
