Turnkey Duplex
6231 Coniston Terrace North Port, FL 34287
New
6231 Coniston Terrace, North Port, FL, 34287
$425,000
For Sale
$425,000
Well-maintained duplex with two 2-bedroom, 1-bath units and recent exterior and electrical updates.
Property Size1,601 SF
Price / SF$265.46
Days on Market3
Property Features for 6231 Coniston Terrace
General Information
- Standard status
- Active
- Size
- 1,601 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1973
Listing agency
DALTON WADE INC
(860) 671-0026
Listed by
CG Wolynski · License #3573853
Source
Whitesandsfl
Added: Jul 21 Updated: Jul 22 at 3:20PM Checked: Jul 22 at 3:20PM
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
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
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 | $25.9k | $16.20 |
| − Vacancy | −$2.6k | −$1.60 |
| EGI | $23.4k | $14.60 |
| − OpEx | −$7.0k | −$4.38 |
| NOI | $16.4k | $10.22 |
1,601 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 7.49%
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 - 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 Terrace North Port, FL.
What is the asking price?
The asking price for this property is $425,000.
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
