Property Description:
Introducing a lucrative investment opportunity that combines location, comfort, and potential for significant returns. Nestled in the heart of Punta Gorda, Florida, these exceptional condos offer investors a chance to capitalize on the thriving real estate market of this sought-after coastal community. All the condos are identical to each other and feature one bedroom, one bathroom, and are each 600 square feet. Currently, all of them are tenant occupied. There are no rental restrictions regarding minimum lease periods and the HOA payment is $464 per month for each unit.
There are several investment strategies one can take with these condos. At pro forma, each unit can garner $2,000 per month in rental income. Alternatively, each unit will sell for approximately $200,000 a piece if they are updated and sold at retail price.
Seize the opportunity to own a slice of Punta Gorda’s real estate market and secure a property that offers both financial rewards and the satisfaction of contributing to an enriching living experience. Contact us today to explore this enticing investment further and take a step toward a profitable and rewarding venture.