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8-Unit Villa-style Duplex Multifamily

3 Multifamily Properties Offered at $2,499,000 in Punta Gorda, FL

Investment Highlights

  • Villa located outside of flood zone for low insurance cost.

Executive Summary

NEW VILLA units in Punta Gorda, FL. Selling 4 duplexes together. Each of the 8 units has 1450-1470 SF, 3-bedrooms, 2-baths, and a 2-car garage. Our completed villas have rented for an average of $2,200/unit. Located in a zone-X area NOT IN A FLOOD ZONE which keeps your INSURANCE down. You will see we have excellent tenants in these units because the finishes and design is better than other MF in the area.
The first building was completed at the end of 2023 and fully leased for $4,400/month. The second and third buildings are the same floor plan with improvements. The forth building is a new floor plan.
Each carefully finished with stone & stucco exteriors, vaulted tray ceilings, quartz countertops, and ceiling fans in every room. Extra windows make all the difference along the kitchen and family room to feel light and comfortable.
Deep Creek is a popular deed restricted community with an affordable HOA of $13.75/ month.
Look, we understand there is a different need for every investor. If you have made it this far, then give us a call and you can decide if some combination of our portfolio is what you are looking for.

Taxes & Operating Expenses (Pro forma - 2024)

Annual
Gross Rental Income $211,200
Other Income -
Vacancy Loss -
Effective Gross Income $211,200
Taxes $30,000
Operating Expenses $13,400
Total Expenses $43,400
Net Operating Income $167,800

Taxes & Operating Expenses (Pro forma - 2024)

Gross Rental Income
Annual $211,200
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $211,200
Taxes
Annual $30,000
Operating Expenses
Annual $13,400
Total Expenses
Annual $43,400
Net Operating Income
Annual $167,800

Property Facts

Price $2,499,000
Price / SF $206.91 / SF
Cap Rate 6.71%
Sale Type Investment or Owner User
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 12,078 SF
Total Land Area 0.60 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
26126 Northern Cross Rd, Punta Gorda, FL 33983 Multifamily 4,025 SF 2024 -
26136 Northern Cross Rd, Punta Gorda, FL 33983 Multifamily 4,025 SF 2025 -
1030 Navigator Rd, Punta Gorda, FL 33983 Multifamily 4,028 SF 2025 -
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  • Listing ID: 32939588

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 8-Unit Villa-style Duplex Multifamily, Punta Gorda, FL

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