ChristopherHarris
BEDS4
BATHS
SQUARE FEET1,928
MLS#TB8555249
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTIERRA CORONADO
Property Description
INVESTMENT OPPORTUNITY IN PUNTA GORDA! This four-unit property offers investors the opportunity to acquire a cash-flowing multifamily asset with 3 of the 4 units currently occupied, providing immediate rental income with additional upside through lease-up of the remaining unit. Whether you're looking to expand your portfolio, generate ongoing income, or position yourself for long-term appreciation, this property offers multiple paths to value creation.Located in Punta Gorda, a growing Southwest Florida community known for its waterfront lifestyle, historic downtown, boating, dining, and convenient access to I-75, the property is well positioned to benefit from continued demand throughout Charlotte County.With three units already occupied, an investor can step into an income-producing property today while having the opportunity to increase overall revenue by filling the vacant unit and optimizing rents over time. Punta Gorda has also continued to see investment and redevelopment activity, adding to the area's long-term appeal for real estate investors.Buy for the cash flow today, while positioning yourself for potential long-term appreciation tomorrow. This is an opportunity to acquire an income-producing multifamily property in an established Southwest Florida market with room to increase income and build equity over time.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.33 Acres
Roof Type: Shingle
Taxes: $3,071
Year Built: 1978
Amenities
Ceiling Fans(s)
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Solid Surface Counters
Sidewalk
Feature Descriptions
Annual Net Income: 45600.00
Days on Site: 1
Directions: From Sarasota:Take I-75 S toward Naples. Take Exit 164 toward Punta Gorda/US-17. Continue on US-17 S, then turn onto US-41 S/Tamiami Trail. Turn onto Palm Dr and continue to 3401 Palm Dr.From Punta Gorda:Take US-41 S/Tamiami Trail toward Port Charlotte. T
Exterior: Block, Concrete, Stucco
Flood Zone Code: AE
Foundation: Block, Slab
Home Warranty Y/N: No
Lot Dimensions: 0.33
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent 2,Do Not Contact Tenants, Lock Box Coded, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMF12
Listed By / Shown By
Listed By
Agency Name: 10 STARS PROPERTY MANAGEMENT LLC
Agency Contact: 813-810-7099
Shown By
Agent Name: Christopher Harris
Agent Phone: Cell: (954) 729-9387
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 1,260.29 per month $888.00 Principal & Interest $255.92 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
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3401 Palm Drive | MLS# TB8555249
This multi-family property located at 3401 Palm Drive , Punta Gorda, FL 33950 is currently listed for sale with an asking price of $399,000. Search Punta Gorda real estate on cbruceharris.realty100.com today.