Listing by: Johnny Huynh, KELLER WILLIAMS SOUTH TAMPA, 727-277-4149
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0 Beds
n/a Full bath
3,818 SqFt
Active
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 | ||
---|---|---|
Price | $1,300,000 | |
Lot Size Area | 25042 | |
Lot Size Area Units | Square Feet | |
Acres | 0.57 | |
Property Type | Commercial | |
MLS Sub type | Multi Family | |
Year Built | 1956 | |
Subdivision | PINEAPPLE CENTRE | |
Roof | Metal, Shingle | |
Foundation | Crawlspace, Slab | |
Parking Description | 6 to 12 Spaces | |
Geographic Data | ||
Directions | I-75 South. West on SR 17. Right on Marlympia Way. Right on Marion Ave. Right on Drury Lane. | |
County | Charlotte | |
Latitude | 26.942218 | |
Longitude | -82.027796 | |
Market Area | 33950 - Punta Gorda | |
Address Information | ||
Address | 521 Drury LANE, PUNTA GORDA, FL 33950 | |
Postal Code | 33950 | |
City | PUNTA GORDA | |
State | FL | |
Country | United States | |
Listing Information | ||
Listing Office | KELLER WILLIAMS SOUTH TAMPA | |
Listing Office Phone | 813-875-3700 | |
Listing Agent | Johnny Huynh | |
Listing Agent Phone | 727-277-4149 | |
Buyer Agency Compensation | 2% | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | None | |
Ownership | Sole Proprietor | |
Terms | Cash, Conventional | |
Virtual Tour URL | https://www.youtube.com/watch?v=E0ykMivl1p8 | |
MLS® Information | ||
Days on market | 93 | |
MLS® Status | Active | |
Listing Date | Jan 1, 2024 | |
Listing Last Modified | Apr 3, 2024 | |
Tax ID | 412305256006 | |
Tax Year | 2023 | |
Tax Annual Amount | 13431 | |
MLS® Area | 33950 - Punta Gorda | |
MLS® # | T3494227 |
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This information is believed to be accurate, but without any warranty.