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Key Details
Sold Price $352,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,704 sqft
Price per Sqft $206
Subdivision Bennets
MLS Listing ID C7457284
Sold Date 04/29/22
Construction Status Appraisal,Financing
HOA Y/N No
Year Built 1974
Annual Tax Amount $3,784
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 37x87
Property Description
RARE WATERFRONT DUPLEX INVESTMENT OPPORTUNITY: This fully leased property with extensive potential already has tenants in place yielding immediate cash flow. Featuring a desirable 2 bedroom, 2 bathroom unit on one side and a 2 bedroom, 1.5 bathroom unit on the other, each side showcases their own outdoor laundry room as well as separate covered screened lanai area. Flexibility is afforded with this income producing property as one tenant is vacating April 30th, 2022 allowing the opportunity to utilize FHA or VA financing with the ability to live in one side while renting out the other or placing a new tenant in the unit at the estimated annual market rate of $1,400-$1,500 per month to increase net revenue. Alternatively, turn the units into seasonal and short term rentals projected to bring in per unit $2,500-$2,800 per month during season with $1,800-$2,200 per month out of season. Recent improvements include 2019 front entry storm door in Unit 23310, 2018 meter/panel replacement in both units, 2018 A/C in Unit 23302, newer water heaters in both units, newer gutters and updated kitchen/vanities in Unit 23310. Both units feature tile floors throughout, central air, separate carports with driveways, separate electric meters and separate water meters. Ideal site location is situated on an oversized lot at the end of a cul-de-sac with private backyard that overlooks a canal. Only minutes from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping.
Location
State FL
County Charlotte
Community Bennets
Zoning CR3.5
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Master Bedroom Main Floor
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Range, Range Hood, Refrigerator
Laundry Outside
Exterior
Exterior Feature Lighting, Rain Gutters, Sliding Doors
Utilities Available Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Waterfront Description Canal - Brackish
View Y/N 1
Water Access 1
Water Access Desc Canal - Brackish
View Trees/Woods, Water
Roof Type Shingle
Porch Covered, Enclosed, Rear Porch, Screened
Garage false
Private Pool No
Building
Lot Description Cul-De-Sac, FloodZone, Oversized Lot, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Construction Status Appraisal,Financing
Schools
Elementary Schools Peace River Elementary
Middle Schools Port Charlotte Middle
High Schools Charlotte High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE
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