25280 MARION Avenue, Punta Gorda, FL
11.27% return
LP:
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Property Description

Awesome multifamily investment property on 1 acre of commercial land. Property consists of a triplex, a duplex and a single family, total of 6 units. Great tenants. Very nice rental income. Lots of value in the land. Tons of maintenance and repairs have been done already. Minutes away from downtown Punta Gorda, FL. 11%+ net return on investment. Property will appreciate while generating amazing cash-flow.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms8
  • Total bathrooms6
  • Building size4655 sq. ft.
  • Lot size1.0 acres
  • Year built1940
  • CountyCharlotte County
  • SubdivisionSOLANA
  • ConstructionFrame
  • RoofSHINGLE , SHINGLE
  • Water sourceCity
  • Water disposalSeptic
  • Heating(unknown)
  • CoolingWindow A/C

Property Financial Summary

  • Asking price $299,000
  • Estimated rehab 1 $0
  • Total investment $299,000
  • Type Actual
  • Gross income (annually) $54,600
  • Operating expenses (annually) $20,917
  • Net income (annually) $33,683
  • Gross return 18.26%
  • Gross income (monthly) $4,550
  • Operating expenses (monthly) $1,743
  • Net income (monthly) $2,807
  • Net return 11.27%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / bath $950/month
  • Unit 2: 1 bed / bath $500/month
  • Unit 3: 2 bed / bath $950/month
  • Unit 4: 1 bed / bath $730/month
  • Unit 5: 1 bed / bath $710/month
  • Unit 6: 1 bed / bath $710/month
  • Total $4,550/month
  • Expenses
  • Insurance $82/month
  • Property Taxes $438/month
  • Maintenance reserve $308/month
  • Electric bill $789/month
  • Water and Sewer $126/month
  • Total $1,743/month

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for the this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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