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521 DRURY LANE
PUNTA GORDA FL 33950 US

$1,300,000

Active Listing ID T3494229
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9 bed
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Lot: 0.57 Acres
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Multi Family

$1,300,000

Active Listing ID T3494229
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521 DRURY LANE 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!

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Property Features

  • Facts
  • Lot Size: 0.57 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Multi Family
  • Features
  • Cooling System: Window Unit(s) A/C
  • Exterior Finish: Balcony, Fence, Garden, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage, Pool
  • Roof Type: Metal, Shingle
  • Heating Fuels: Wall Unit
  • Additional Features
  • Pool

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Multi Family
  • listprice: 1300000
  • unparsedaddress: 521 DRURY LANE
  • postalcity: PUNTA GORDA
  • stateorprovince: FL
  • country: US
  • postalcode: 33950
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.57
  • lotsizeunits: Acres
  • lotsizearea: 0.57
  • livingarea: 3818
  • livingareaunits: Square Feet
  • latitude: 26.942217
  • longitude: -82.027796
  • listagentfullname: Johnny Huynh
  • listagentemail: johnnyhuynh@kw.com
  • listagentkey: 3yd-MFRMLSFL-261562434
  • listagentmlsid: 261562434
  • listagentpreferredphone: 7272774149
  • listagentofficephone: 8138753700
  • listofficekey: 3yd-MFRMLSFL-773203
  • listofficemlsid: 773203
  • disclaimer: Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1956
  • listingcontractdate: 2024-01-01
  • listagenturl: http://361.yourkwoffice.com/home
  • countyorparish: Charlotte
  • parcelnumber: 412305256006
  • appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Block, Stucco, Vinyl Siding, Wood Siding
  • heating: Wall Unit
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway
  • roof: Metal, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • interiorfeatures: Ceiling Fans(s)
  • exteriorfeatures: Balcony, Fence, Garden, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage, Pool
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • otherstructures: Storage
  • poolprivateyn: True
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.027796, 26.942217
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Listing Changed: 4/24/2024 5:56:20 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: Johnny Huynh, KELLER WILLIAMS SOUTH TAMPA, johnnyhuynh@kw.com

Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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