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$4,900,000
Est. payment /mo
12,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $408
MLS Listing ID A11998544
HOA Y/N No
Lot Size 0.552 Acres
Property Sub-Type Multi Family
Property Description
Bal Harbor Townhomes presents a compelling opportunity to acquire a portfolio of eight (8) fully condo-converted townhomes at 1,500 sq ft per 3 bedroom/2 bathroom townhomes + garage. 9ft ceilings with exclusive view of the vibrant, lavish golf course in each unit right when you open the front door. When it comes to the coastal Punta Gorda, Florida market — it's one of Southwest Florida's fastest-growing short-term rental corridors. With a negotiated all-cash price of $4,999,000, this portfolio delivers a 5.76%–6.50% going-in cap rate and projected 5-year IRRs of 10.3%–13.3% — institutional-quality returns for a coastal Florida STR Class A asset.
Location
State FL
County Charlotte
Area 5940 Florida Other
Exterior
Private Pool Yes
Others
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry
Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11998544
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Listed by Real Estate Sales Force