Address
521 Drury LANE, PUNTA GORDA, FL
Price
$ 1,300,000
Property Attributes
- MLS#T3494229
- TypePending
- CountyCHARLOTTE
- CityPUNTA GORDA
- AreaPunta Gorda
- NeighborhoodPineapple Centre
- Zip33950
- StyleMulti Family
- Year Built1956
- Taxes$ 13431
- Price$ 1,300,000
- Bedrooms9
- Full Bathrooms7
- Half Bathrooms0
- Sqr Footage3818
- Lot Size0.57 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. 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!
| Price History | |
|---|---|
| 1/1/2024 | Listed $1,600,000 |
| 2/10/2024 | 8% - $1,475,000 |
| 4/3/2024 | 12% - $1,300,000 |
General Features
| Interior Features | Ceiling Fan(s) |
|---|---|
| Sewer | Septic Tank |
| Heating | Wall Units / Window Unit |
| Cooling | Mini-Split Unit(s),Wall/Window Unit(s) |
| Utilities | BB/HS Internet Available,Electricity Connected,Water Connected |
| Possession | Close of Escrow |
| Roof | Metal,Shingle |
| Appliances | Cooktop,Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer |
| Exterior Features | Balcony,Fenced,Garden,Outdoor Grill,Outdoor Shower,Rain Gutters,Storage |
| Zoning | OMI |
| Patio/Porch Features | Covered,Deck,Enclosed |
| Pool Features | Heated,In Ground,Salt Water,Screen Enclosure |
| Construction Materials | Block,Stucco,Vinyl Siding,Wood Siding |
| Year Built | 1956 |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 265173 |
| County | Charlotte |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | PINEAPPLE CENTRE |
| Garage Y/N | No |
| Other Structures | Storage |
| Status | Pending |
| Directions | I-75 South. West on SR 17. Right on Marlympia Way. Right on Marion Ave. Right on Drury Lane. |
| ModificationTimestamp | 2024-06-19T15:09:34.073Z |
| City | PUNTA GORDA |
| Buyer Agent Compensation | 2% |
| Disclosures | Lead Paint |
| View Y/N | No |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 7 |
| MLS Area | 33950 - Punta Gorda |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 25042 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Spa Features | Above Ground,In Ground |
| Land Lease Y/N | No |
| Tax Annual Amount | 13431.35 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.youtube.com/watch?v=E0ykMivl1p8 |
| Days on Market | 136 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Pending |
| Tax Lot | 7 |
| Virtual Tour | https://www.solsticepg.com/bungalows |
| Legal Description | PPC 000 0001 000K PINEAPPLE CENTRE BLK 1 SUB OF LT 7 ALL OF LT K & LT L THAT PT OF LT J DESC AS BEG NE COR LT J S 10 FT SW 110.18 FT N 41.2 FT E 105.75 FT TO POB 728/1319 728/1325 759/20961037/1069 1 |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | AE |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Laundry Features | Common Area,Laundry Room |
| Total Bedrooms | 9 |
| LivingAreaSource | Public Records |
| Total Baths | 7 |
Exterior Features
| Parking Features | Common,Driveway |
|---|---|
| Water Source | Public |
| Lot Size Area | 25042 |
| Foundation Details | Crawlspace,Slab |
| Number of Buildings | 4 |
| Spa | Yes |
| Building Area Total | 4616 |
| Lot Size Acres | 0.57 |
| Road Surface Type | Asphalt |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 33950
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on June 29, 2024 5:31 AM UTC The listing information on this page last changed on Last updated on June 29, 2024 5:31 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 29, 2024 5:31 AM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
