5715/5711 GALLATIN LN, North Port, FL 34287
5715/5711 GALLATIN LN, North Port, FL 34287
5715/5711 GALLATIN LN, North Port, FL 34287
5715/5711 GALLATIN LN, North Port, FL 34287
5715/5711 GALLATIN LN, North Port, FL 34287
5715/5711 GALLATIN LN, North Port, FL 34287
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$ 335,000
Est. payment | /mo

4 Beds

2 Baths

1,878 SqFt


$ 335,000
Est. payment | /mo

4 Beds

2 Baths

1,878 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,878 sqft

Price per Sqft $178

Subdivision Port Charlotte Sub 03

MLS Listing ID D6146602

Bedrooms 4

HOA Y/N No

Year Built 1973

Annual Tax Amount $4,697

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Duplex

Source Stellar MLS

Property Description

Under contract-accepting backup offers. Income-producing duplex generating $3,400/month ($40,800 annually) representing approximately a 12% gross yield at the asking price with strong existing tenants already in place. Excellent opportunity for investors seeking immediate cash flow and minimal vacancy risk.
Both units are currently leased with one secured through February 2027 and the second through April 2026 providing stable and predictable rental income from day one.
Major capital improvements have already been completed including a new roof installed in 2023, both HVAC systems replaced in 2020, one water heater replaced in 2020, and a complete renovation of one unit in 2023 helping reduce near-term maintenance expenses.
Each unit features a private entrance and separate rear lanai offering added outdoor space and privacy for tenants. The property also includes separate electric and water meters along with city water and sewer, simplifying management and utility billing for landlords.
Conveniently located near Tamiami Trail, the property provides tenants with easy access to shopping, dining, everyday conveniences, and major commuter routes supporting consistent rental demand.
With stable leases, recent system upgrades, separate utilities, and immediate income, this duplex represents a low-maintenance, income-producing investment and a strong addition to your rental portfolio.
Interior photos reflect the property prior to current tenant occupancy and are representative of the unit layouts and finishes.

Location

State FL

County Sarasota

Community Port Charlotte Sub 03

Area 34287 - North Port/Venice

Zoning RTF

Interior

Interior Features Thermostat

Heating Central

Cooling Central Air

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Private Entrance, Private Mailbox, Private Yard, Sidewalk, Storage

Utilities Available Public

Roof Type Membrane

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Metal Frame,Stucco,Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/D6146602

Stellar MLS
Listed by Ed Kovalchuk KOVI INVESTMENTS, LLC

Nearby Locations

Geri Scheckner

+1(941) 356-0652

geri@gerimail.com

5218 Station Way, Sarasota, Florida, 34233, United States

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5715/5711 GALLATIN LN