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5715/5711 GALLATIN LN North Port, FL 34287
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Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,878 sqft
Price per Sqft $173
Subdivision Port Charlotte Sub 03
MLS Listing ID D6146602
Sold Date 05/28/26
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
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
Read Less

© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Ed Kovalchuk KOVI INVESTMENTS, LLC
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