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Key Details
Sold Price $1,040,000
Property Type Residential Income
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,671 sqft
Price per Sqft $135
Subdivision Punta Gorda Isles Sec 23
MLS Listing ID A4513511
Year Built 1986
Annual Tax Amount $12,184
Lot Size 0.460 Acres
Property Description
If your looking for a meticulous multifamily building, you have found it. Six separate apartments located on a gorgeous golf course with incredible views. Each apartment has its owner electric and water meter. The building has multiple updates, including several newer AC units, water heaters, a new exterior paint job and numerous interior upgrades. Each unit is spacious with open floor plans and large screened in porches overlooking the golf course. The owner has many long term tenants who are mostly on month to month lease agreements. This building should bring in a 6%-7% cap rate at today's expected rental rates. This well built building has attracted excellent tenants with no rental collection issues. The building is located near shopping and highways.
Location
State FL
County Charlotte
Community Punta Gorda Isles Sec 23
Zoning RMF15
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony
Utilities Available BB/HS Internet Available, Cable Available, Sewer Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Well
Structure Type Block
New Construction false
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with EXP REALTY LLC