3269 Duncan Rd
11 Unit Apartment Building $1,675,000 ($152,273/Unit) 8.84% Cap Rate Punta Gorda, FL 33982
INVESTMENT HIGHLIGHTS
- Peaceful property right on the water
- Can use for short-term, mid-term or long-term rentals
- No neighbors
EXECUTIVE SUMMARY
?? INCREDIBLE TURNKEY INVESTMENT OPPORTUNITY! ??
Punta Paradise: Your Passive Income Dream
Welcome to Punta Paradise Investment
Property Overview:
We purchased this property in October 2022 when it had not been updated since its original construction. We completed a full remodel of the entire property, transforming it into a high-performing short-term rental.
Unit Upgrades:
- New roofs
- New windows and doors
- New tile floors
- New bathroom vanities and showers
- New cabinets and countertops
- New appliances
- New furniture and decor
Comprehensive landscaping was also redesigned to enhance the property's appeal.
Investment Performance:
- Annual Income: Approx $265,000
- Cap rate 8.84
- Total Reviews: 500+
- Average Rating: 4.9 stars
Property Specifications:
- 11 units (approximately 660 sq ft each)
- Located on 2+ acres of waterfront property
- Situated on Shell Creek
- Amenities include docks, canoes, and kayaks
Operational Management:
The property is fully integrated with Hostaway software, which:
- Manages bookings across multiple platforms (Airbnb, Booking.com, VRBO)
- Synchronizes calendars automatically
- Adjusts pricing dynamically
- Generates unique door access codes
- Sends automated guest communications
This turn-key investment comes with a professional cleaning crew and on-site management, ensuring minimal owner involvement while generating consistent revenue.
Offering buyer broker commission if you bring a buyer
Contact
Mark Anderson
Owner
markand22@yahoo.com
509-995-5844
Punta Paradise: Your Passive Income Dream
Welcome to Punta Paradise Investment
Property Overview:
We purchased this property in October 2022 when it had not been updated since its original construction. We completed a full remodel of the entire property, transforming it into a high-performing short-term rental.
Unit Upgrades:
- New roofs
- New windows and doors
- New tile floors
- New bathroom vanities and showers
- New cabinets and countertops
- New appliances
- New furniture and decor
Comprehensive landscaping was also redesigned to enhance the property's appeal.
Investment Performance:
- Annual Income: Approx $265,000
- Cap rate 8.84
- Total Reviews: 500+
- Average Rating: 4.9 stars
Property Specifications:
- 11 units (approximately 660 sq ft each)
- Located on 2+ acres of waterfront property
- Situated on Shell Creek
- Amenities include docks, canoes, and kayaks
Operational Management:
The property is fully integrated with Hostaway software, which:
- Manages bookings across multiple platforms (Airbnb, Booking.com, VRBO)
- Synchronizes calendars automatically
- Adjusts pricing dynamically
- Generates unique door access codes
- Sends automated guest communications
This turn-key investment comes with a professional cleaning crew and on-site management, ensuring minimal owner involvement while generating consistent revenue.
Offering buyer broker commission if you bring a buyer
Contact
Mark Anderson
Owner
markand22@yahoo.com
509-995-5844
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$267,345
|
$36.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,345
|
$36.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$118,968
|
$16.08
|
| Net Operating Income |
$148,377
|
$20.05
|
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
- Views
- Yard
- Dock
- Garden
- Lawn
- Patio
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Waterfront
- Dock
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | 670 |
1 of 1
PROPERTY TAXES
| Parcel Number | 402324426001 | Improvements Assessment | $33,095 (2023) |
| Land Assessment | $233,750 (2023) | Total Assessment | $266,845 (2023) |
ZONING
| Zoning Code | RMF5 |
CONTACT
-
Mark Anderson - Top Agent Team
