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$335,000

5715/5711 Gallatin Lane North Port, FL 34287 Multi Unit - Multiple Active

  • 5715/5711 Gallatin Lane, North Port, FL 34287 Main Photo

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Description

Turnkey 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.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.17 Acres
Roof Type: Membrane
Taxes: $4,697
Year Built: 1973

General Information

Bedrooms: 4
Sqft: 1,878
County: Sarasota
Subdivision: PORT CHARLOTTE
Listed By:
Ed Kovalchuk KOVI INVESTMENTS, LLC 941-726-1216

Amenities

Thermostat
Private Entrance
Private Mailbox
Private Yard
Sidewalk
Storage

Property Features

Annual Net Income: 40800.00
Directions: Turn Right Onto N River Rd., Turn Left Onto Tamiami Trl/Tamiami Trl/US-41 S/FL-45. Turn Right Onto Almonte Ter., Turn Right Onto Gallatin Ln.
Exterior: Metal Frame, Stucco, Frame
Flood Zone Code: X500
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.17
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Before Showing, Call Listing Agent, Do Not Contact Tenants
Special Sale Provisions: None
Units: 2
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RTF
$335,000
4beds
1,878sqft
New to the Market Active
BEDS4 BATHS SQUARE FEET1,878 MLS#D6146602
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPORT CHARLOTTE

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5715/5711 Gallatin Lane, North Port, FL 34287.

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Estimated Payment

$ 1,619.02 per month $1,129.90 Principal & Interest $391.42 Property Tax $97.71 Homeowner's Insurance

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