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Brieanna Burch

brieanna.burch@engelvoelkers.com +1(727) 776-6108

$ 399,000

Est. payment -/mo

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3401 PALM DR Punta Gorda, FL 33950

4 Beds

4 Baths

1,928 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,928 sqft

Price per Sqft $206

Subdivision Tierra Coronado

MLS Listing ID TB8555249

Bedrooms 4

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,071

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

INVESTMENT OPPORTUNITY IN PUNTA GORDA! This four-unit property offers investors the opportunity to acquire a cash-flowing multifamily asset with 3 of the 4 units currently occupied, providing immediate rental income with additional upside through lease-up of the remaining unit. Whether you're looking to expand your portfolio, generate ongoing income, or position yourself for long-term appreciation, this property offers multiple paths to value creation.
Located in Punta Gorda, a growing Southwest Florida community known for its waterfront lifestyle, historic downtown, boating, dining, and convenient access to I-75, the property is well positioned to benefit from continued demand throughout Charlotte County.
With three units already occupied, an investor can step into an income-producing property today while having the opportunity to increase overall revenue by filling the vacant unit and optimizing rents over time. Punta Gorda has also continued to see investment and redevelopment activity, adding to the area's long-term appeal for real estate investors.
Buy for the cash flow today, while positioning yourself for potential long-term appreciation tomorrow. This is an opportunity to acquire an income-producing multifamily property in an established Southwest Florida market with room to increase income and build equity over time.

Location

State FL

County Charlotte

Community Tierra Coronado

Area 33950 - Punta Gorda

Zoning RMF12

Interior

Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Sidewalk

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block, Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by Chant Karajian 10 STARS PROPERTY MANAGEMENT LLC

NEARBY SCHOOLS & PROPERTIES

Brieanna Burch

Advisor License ID: 3394097

+1(727) 776-6108

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