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$325,000
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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.
Full Property Details
Full Property Details for 5715/5711 Gallatin Ln
General
- Sold For: $325,000
- Taxes: $4,697 (2025)
- Status: Closed
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: D6146602
- Added to Site: 77 day(s) ago
Interior
- Interior Features: Thermostat
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Private Entrance, Private Mailbox, Private Yard, Sidewalk, Storage
Location
- Area: 34287 - North Port/Venice
- County: Sarasota
- Development Name: 34287 - North Port/Venice
- Subdivision: PORT CHARLOTTE SUB 03
- Driving 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.
Community
- Community Name: 34287 - North Port/Venice
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 2
- Exterior Const.: Metal Frame, Stucco, Wood Frame
- Roof: Membrane
- Square Feet: 1,878
- Sq. Ft. Source: Public Records
- Living Area: 1,878 Sq. Ft.
- Year Built: 1973
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,500
- Lot Size: 7500
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $4,697.03
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 2 BLK 348 3RD ADD TO PORT CHARLOTTE
- Flood Zone Info: X500
- APN: 999034802
- Property ID: 999034802
- Block/Lot/Section: 348
Listed and Sold by Kovi Investments, Llc
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Price & Sales History for 5715/5711 Gallatin Ln
Date
Details
Price
Change
Source
5/28/2026
Sold
$325,000
-2.99%
MLS
3/13/2026
Listed
$335,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5715/5711 Gallatin Lane, North Port, FL 34287 (MLS# D6146602) is a Duplex property that was sold at $325,000 on May 28, 2026. Want to learn more about 5715/5711 Gallatin Lane? Do you have questions about finding other Duplex real estate for sale in North Port? You can browse all North Port real estate or contact a Coldwell Banker agent to request more information.

