Turnkey Duplex
For Sale
$380,000
6231 CONISTON TER, North Port, FL 34287
Well-maintained duplex with two 2-bedroom, 1-bath units and recent exterior and electrical updates.
Property Size1,601 SF
Days on Market212
Property Features for 6231 CONISTON TER
General Information
Standard status
Active
Size
1,601 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,058
Building Details
Building Size
1,601 SF
Year Built
1973
Listing Agency:
DALTON WADE INC
Listed By:
CG Wolynski · License #3573853
(860) 671-0026
Source:
Nixandassociates
Added: Mar 25
Changed: Oct 16
Last Checked: Oct 21 at 6:05AM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units configured as 2 bedrooms and 1 full bathroom each, for a total of 4 bedrooms and 2 bathrooms. Recent upgrades include newly updated kitchen cabinets with granite countertops, durable tile flooring throughout, newly painted exterior, and brand new electrical panels with updated electrical systems. The property is presented as a turnkey opportunity.
The duplex is located in North Port, just 3 miles from Warm Mineral Springs Park, and approximately 15 miles from Manasota Beach.
With no HOA restrictions noted, the property can be used as owner-occupied with one side leased, or both sides can be leased as income units, depending on the buyer’s goals.
The duplex is located in North Port, just 3 miles from Warm Mineral Springs Park, and approximately 15 miles from Manasota Beach.
With no HOA restrictions noted, the property can be used as owner-occupied with one side leased, or both sides can be leased as income units, depending on the buyer’s goals.
Key Highlights
- 1973‑built duplex with two 2‑bedroom, 1‑bath units (total 4 bedrooms and 2 bathrooms)
- Recent exterior updates, including newly painted exterior
- Updated kitchens with newly updated kitchen cabinets and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,362
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,240
$327.2K
Cap Rate 7%
$233,743
$233.7K
Cap Rate 9%
$181,800
$181.8K
Market Conditions
NOI Build-Up for 1,601 SF
Gross rent
$25.9K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$23.4K $14.60/SF
− OpEx
−$7.0K −$4.38/SF
NOI
$16.4K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,240
Cap Rate 7%
$233,743
Cap Rate 9%
$181,800
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
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?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units and recent exterior and electrical updates.
Where is this duplex located?
The property is located at 6231 CONISTON TER North Port, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1973‑built duplex with two 2‑bedroom, 1‑bath units (total 4 bedrooms and 2 bathrooms); Recent exterior updates, including newly painted exterior; Updated kitchens with newly updated kitchen cabinets and granite countertops
