Residential Property - Condominium in Port Charlotte
Listing Price: $1,200,000
Description of Property
Excellent investment opportunity in the Punta Gorda/Port Charlotte area! This 10-unit multifamily property offers a strong combination of current income and value-add potential. The property features a mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, with several units already renovated and others partially updated, providing an opportunity for continued improvements and future rent growth. Currently, 7 units are income-producing, while the on-site superintendent occupies one unit and assists with property maintenance. The superintendent’s current lease expires December 2026, giving the new owner flexibility with future operations. Two 1BR/1BA units have been fully renovated, seven units are semi-renovated, and one 1BR/1BA unit remains unrenovated, creating additional upside potential. Conveniently located near shopping, dining, major roadways, and the growing Punta Gorda/Port Charlotte market. An attractive opportunity for an investor looking to acquire a 10-unit multifamily asset with existing cash flow, operational flexibility, and room to increase value through continued renovations and rental optimization. Financial information available upon request. Please do not disturb tenants.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Port Charlotte
County: Charlotte
Subdivision: Seward Add Char Hrbr
Bedrooms: 2
Bathrooms: 1
Sq. Ft. Gross: 8,700
Sq. Ft. Living Area: 7,700
Cost per (heated) sqare foot: $156
Year built: 1978
Annual Tax: $18,870
Condo Fee: $199 Monthly
Add'l Maint. Fee: $100
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- None
Appliances: Refrigerator
Window Features: Blinds
Flooring: Ceramic Tile
Pool & Waterfront Info
Private Pool: Yes
Pool Features: In Ground
Exterior & Construction
Construction: Stucco
Foundation: Stem Wall
Roof: Shingle
Exterior Features: Lighting
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Water Source: Public
Community Features: Pool
Lot Information
Lot Features: Flood Zone
Lot Size (acres): 0.68
Lot Size (sq. ft.): 29,413 square feet
Lot Dimensions: 275 x 107
Road Frontage: Street Paved
Front Exposure: North
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 402226438006
Zoning: CHNBR
Tax Legal Desc.: JAS 000 0001 0013 JACKSON SEWARD ADD CHAR HRBR BLK 1 LTS 13 14 15 16 & 1/2 VAC ALLEY ADJ THERETO 313/844 315/868-69 557/1092-93 560/1372 997-1000 1350/1721 1668/1251 4027/276 4027/277 4179/2128
Section: 26
Range: 22
Listing courtesy of SELLSTATE COASTAL REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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