Additional Details

• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $2,600
• Potential ARV: $290,000-$310,000
• Estimated Rehab: $60,000-$80,000
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 23302 ROBIN DR, PUNTA GORDA, FL 33980 - 4/4 1,704 sqft SOLD $352k MAY 2022 (1974 duplex, 2/2 per side, with carport, very basic rental condition)
• Comp 2: 23022 BAYSHORE RD, PORT CHARLOTTE, FL 33980 - 2/1 1,392 sqft SOLD $305k DECEMBER 2021 (1958 build single family, same neighborhood, carport, basic condition)
• Rental Comp 1: 21282 STILLWATER AVE, PORT CHARLOTTE, 33952 - 2/1 989 sqft LEASED in OCTOBER 2022 $1,550/mo (1976 build duplex unit, clean/basic rental condition, 1 car garage)
• Rental Comp 2: 21226 MEEHAN AVE, PORT CHARLOTTE, FL 33952 - 2/1 851 sqft LEASED in AUGUST 2022 $1,600/mo (1960 build single family, very basic rental condition, no garage)
• Rental Comp 3: 22142 GANDY AVE, PORT CHARLOTTE, FL 33952 - 2/1 812 sqft LISTED for rent in OCTOBER 2022 $1,500/mo (1961 build single family, very basic rental condition, carport)
• Rehab Description: For a rental this needs renovation to both of the units. Rehab the kitchen, bathrooms, flooring, appliances, and fixtures. Soffits/facia require attention. Mold, ceiling and drywall remediation is needed. Central air may need to be serviced. Rolled roof is currently tarped and will need to be replaced. The electrical may require attention. Optionally, add in a second bedroom to the one bedroom unit to maximize rental income potential. Complete the renovation, deep clean, and apply fresh paint to to boost appeal!
• Features: Multifamily duplex in Punta Gorda! This 3 bedroom, 2 bathroom property features 1,232 living sqft, one unit has 2 bedrooms, 1 bathroom and the other has 1 bedroom, 1 bathroom for the existing layout. Sits on a .17 acre lot located within walking distance of Bayshore Live Oak Park in Charlotte Harbor! Don't miss out on this cashflow opportunity!
• Important Details: --> VACANT AT CLOSE! --> Two Separate Meters --> On county water and sewer
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab