Price Reduced 18.75%
Price History
$1,600,000
1/1/2024
$1,475,000
2/10/2024
$1,300,000
4/3/2024
521 Drury LANE, Punta Gorda, FL, 33950
1956
3,818 sqft
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!
Status:
Active
Type:
Commercial
Units:
7
Complex:
PINEAPPLE CENTRE
Garage:
6 to 12 Spaces
Cooling:
Mini-Split Unit(s), Wall/Window Unit(s)
Levels:
1
Acreage:
0.57
Est. Taxes:
$13,431
Construction
Block, Stucco, Vinyl Siding, Wood Siding
Days on Market:
93
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
MLS #:
T3494227
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of KELLER WILLIAMS SOUTH TAMPA Phone: 813-875-3700