Commercial Sale Property - Multi Family in Punta Gorda
Listing Price: $1,300,000
Description of Property
Have you been seeking a profitable real estate investment opportunity in the extremely popular and trendy city of Punta Gorda? Majestically nestled on a 0.57-acre lot just 3-miles from Downtown Punta Gorda, this 7-unit paradise provides guests an unforgettable experience with delightful onsite amenities and ultra-comfortable accommodations. Boasting a gross revenue of approximately $265,000 in 2023, the property also offers an impressive 12.68% cap rate for those seeking an above-average ROI. Thoughtfully fashioned for the utmost tranquility, the grounds express an organically flowing vibe with gorgeous new tropical landscaping (2022), heated pool (new heater, pumps, filter, and housing-2022/2023), blissful gazebo, hammocks, a meditation area, soothing hot tubs, and several decks. Three buildings encompass 7 rental units, which each have a unique layout and appealing aesthetic. Two units, Guava Bungalow and Papaya Bungalow, each sleep four and include a kitchen, two bedrooms (total 4 twin beds), and a modern full bathroom. Two other units, Orange Bungalow and Coconut Bungalow, both sleep three and have a kitchen, 2+ twin beds/sofa beds, and a full bathroom, while one unit also has a private hot tub and deck. Three units, Avocado Bungalow, Grapefruit Bungalow, and Mango Bungalow, each sleep 2 and feature 2 twin beds (convert to King), a full kitchen, and a chic full bathroom, while one unit also boasts a jetted soaking tub. In addition, the property has a plethora of updates including fresh paint (2022), new deck (2022), new main house roof (2022), new duplex house roof (2022), new Chickee Hut wiring (2022), new flooring (2022), new septic pump/wiring (2022), new fence panels (2022), new window A/C (2022), and new W/D (2023). Residents will appreciate the outstanding proximity to desirable conveniences, such as artistic venues, boutique shopping, world-class dining, and I-75. Get the coveted financial advantage of this rarely-available property, and call now for a tour!
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Multi Family
City: Punta Gorda
County: Charlotte
Subdivision: Pineapple Centre
Sq. Ft. Gross: 4,616
Sq. Ft. Living Area: 3,818
Cost per (heated) sqare foot: $340
Total Units: 7
Year built: 1956
Annual Tax: $13,431
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Washer
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring:
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
- Block
- Stucco
- Vinyl Siding
- Wood Siding
Foundation: Crawlspace, Slab
Roof: Metal, Shingle
Exterior Features:
Parking Features: 6 to 12 Spaces
Floors Total: 1
Floors in Unit: One
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures: Storage
View:
Fencing:
Sewer: Septic Tank
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.57
Lot Size (sq. ft.): 25,042 square feet
Road Frontage: City Street
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 412305256006
Zoning: OMI
Tax Legal Desc.: PPC 000 0001 000K PINEAPPLE CENTRE BLK 1 SUB OF LT 7 ALL OF LT K & LT L THAT PT OF LT J DESC AS BEG NE COR LT J S 10 FT SW 110.18 FT N 41.2 FT E 105.75 FT TO POB 728/1319 728/1325 759/20961037/1069 1737/2073 CT1885/300 2219/1850 CT3975/1583 4010/1913 PPC 000 0000 0
Listing courtesy of KELLER WILLIAMS SOUTH TAMPA. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.