521 Drury LANE
521 Drury LANE Punta Gorda, Florida 33950 United States

$1,475,000
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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!

Source : MFRMLS DBA Stellar MLS

Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

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Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA
$1,475,000
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4,616 Sq Ft.
Interior
.57 Acres
Exterior
Commercial
Property type
1956
Year Built
T3494227
Web Id
T3494227
MLS ID
PINEAPPLE CENTRE
Subdivision
Charlotte County
School District
54
days ago

Amenities

  • Dishwasher
  • Refrigerator

PROPERTY INFORMATION

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Cooling
Mini-Split Unit(s), Wall/Window Unit(s)
Parking Description
6 to 12 Spaces
Sewer
Septic Tank
Water
Public

EXTERIOR

Construction
Block, Stucco, Vinyl Siding, Wood Siding
Roofing
Metal, Shingle

ADDITIONAL INFORMATION

Number of Units
7
Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA
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Listing Courtesy of KELLER WILLIAMS SOUTH TAMPA
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