$1,300,000 for Sale
521 drury lane, punta gorda, FL 33950
| Beds 9 | Baths 7 | 3,818 Sqft | 0.57 Acres |
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1 of 100 |
Property Description
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!
General Information
Sale Price: $1,300,000
Price/SqFt: $340
Status: Active
MLS#: T3494229
City: punta gorda
Post Office: punta gorda
County: Charlotte
Subdivision: pineapple centre
Acres: 0.57
Bedrooms:9
Bathrooms:7
House Size: 3,818 sq.ft.
Acreage: 0.57 est.
Year Built: 1956
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block, Stucco, Vinyl Siding, Wood Siding
Exterior Misc: Balcony, Fenced, Garden, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage
Pool: Yes
Pool Description: Heated, In Ground, Salt Water, Screen Enclosure
Fireplaces: Yes
Basement: No
Foundation : Crawlspace, Slab
Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating: Wall Units / Window Unit
Waste: Septic Tank
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $13,431
Legal Description: 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
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Johnny Huynh of KELLER WILLIAMS SOUTH TAMPA, Phone: 813-875-3700
