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10141 & 10143 Amicola St 2 Unit Apartment Building $676,043 CAD ($338,021 CAD/Unit) 8.18% Cap Rate Port Charlotte, FL 33981



INVESTMENT HIGHLIGHTS
- Multi-family property within close proximity to South Gulf Cove Park: regional park with a boat ramp.
- Area is forecasted to experience growth of 38% between '24-'29.
EXECUTIVE SUMMARY
This income-generating duplex is built in 2020 and located in the desirable South Gulf Cove community, is a prime investment opportunity offering immediate rental income. Both units are fully rented. Each of the two identical units features 1,214 square feet of living space, with 3 bedrooms, 2 bathrooms, a single-car garage, an open floor plan. Kitchens are equipped with granite countertops, stainless steel appliances, and ample cabinet space, while the master suites include walk-in showers and spacious closets. Situated on a well-sized lot with city water and sewer, the property enjoys access to South Gulf Cove Park and its boating amenities, 55 miles of navigable canals, and proximity to top local attractions such as Boca Grande, Englewood Beach, shopping, restaurants, and golf courses. With an optional low HOA fee of $120 annually, the property is perfectly suited for long-term or short-term rentals, with excellent income potential in a fast-growing area. This duplex represents an exceptional opportunity for investors and homeowners alike. The region’s rising demand for rental properties combined with the growing appeal of Port Charlotte and Southwest Florida make this a strategic and rewarding investment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$55,837
|
$23.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,837
|
$23.00
|
| Taxes |
$10,471
|
$4.31
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,471
|
$4.31
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $55,837 |
| Annual Per SF | $23.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $55,837 |
| Annual Per SF | $23.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,471 |
| Annual Per SF | $4.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,471 |
| Annual Per SF | $4.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $676,043 CAD | Building Class | B |
| Price Per Unit | $338,021 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 2,428 SF |
| Cap Rate | 8.18% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Zoning | RSF10 - Residential multi-family | ||
| Price | $676,043 CAD |
| Price Per Unit | $338,021 CAD |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 2,428 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | RSF10 - Residential multi-family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,214 |
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10141 & 10143 Amicola St
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