For Sale
Property summary
This 2-unit apartment building, located at 121 Granada Blvd, North Port, FL 34287, presents a compelling investment opportunity. Built in 1978, this single-story structure boasts a total of 2,654 square feet, with 2,304 square feet of net rentable space. Each unit features 2 bedrooms, 1 bathroom, a kitchen, family room, and living room, complete with its own washer and dryer. Tenants are responsible for their own electricity, and individual meters are in place. Recent upgrades include new A/C units (installed within the last two years) and a house electric meter. The property sits on a 0.17-acre lot (APN: 0791010017) and is zoned RMF1. The asking price is $390,000, translating to $169 per square foot. Its prime location offers easy access to Warm Mineral Springs, pristine Gulf beaches, marinas, golf courses, and a vibrant downtown area with shopping, dining, and entertainment. Nearby nature parks and preserves, such as Charlotte Harbor Preserve State Park and Myakka River State Park, provide additional recreational opportunities. The property is not located in a flood zone and is free from HOA or CDD fees. This property offers a strong return on investment with its convenient location and recent upgrades.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the North Port market rent, vacancy and expense benchmarks for this use type.
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Property description
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Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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