521 Drury Lane Punta Gorda, FL 33950
For Sale MLS# T3494229
9 beds 7 baths 3,818 sq ft Multi-family
Details for 521 Drury Lane
MLS# T3494229
Description for 521 Drury Lane, Punta Gorda, FL, 33950
Have you been seeking a profitable real estate investment opportunity in the extremely popular and trendy city of Punta Gorda? Majestically nestled on a 0.57-acre lot just 3-miles from Downtown Punta Gorda, this 7-unit paradise provides guests an unforgettable experience with delightful onsite amenities and ultra-comfortable accommodations. Boasting a gross revenue of approximately $265,000 in 2023, the property also offers an impressive 12.68% cap rate for those seeking an above-average ROI. Thoughtfully fashioned for the utmost tranquility, the grounds express an organically flowing vibe with gorgeous new tropical landscaping (2022), heated pool (new heater, pumps, filter, and housing-2022/2023), blissful gazebo, hammocks, a meditation area, soothing hot tubs, and several decks. Three buildings encompass 7 rental units, which each have a unique layout and appealing aesthetic. Two units, Guava Bungalow and Papaya Bungalow, each sleep four and include a kitchen, two bedrooms (total 4 twin beds), and a modern full bathroom. Two other units, Orange Bungalow and Coconut Bungalow, both sleep three and have a kitchen, 2+ twin beds/sofa beds, and a full bathroom, while one unit also has a private hot tub and deck. Three units, Avocado Bungalow, Grapefruit Bungalow, and Mango Bungalow, each sleep 2 and feature 2 twin beds (convert to King), a full kitchen, and a chic full bathroom, while one unit also boasts a jetted soaking tub. In addition, the property has a plethora of updates including fresh paint (2022), new deck (2022), new main house roof (2022), new duplex house roof (2022), new Chickee Hut wiring (2022), new flooring (2022), new septic pump/wiring (2022), new fence panels (2022), new window A/C (2022), and new W/D (2023). Residents will appreciate the outstanding proximity to desirable conveniences, such as artistic venues, boutique shopping, world-class dining, and I-75. Get the coveted financial advantage of this rarely-available property, and call now for a tour!
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 9
Bathrooms: 7
Lot Size: 0.57 Acres
Square Feet: 3,818 sq ft
Year Built: 1956
Construction: Block,Stucco,Vinyl Siding,Wood Siding
Subdivision: Pineapple Centre
Foundation: Crawlspace,Slab
Number Of Units Total: 7
County: Charlotte
Additonal Room Information
Laundry: Laundry Room, Common Area
Interior Features
Appliances: Microwave, Range, Refrigerator, Washer, Cooktop, Dishwasher, Dryer
Basement: Crawl Space
Additional Interior Features: Ceiling Fan(s)
Utilities
Water: Public
Sewer: Septic Tank
Other Utilities: Electricity Connected,High Speed Internet Available,Water Connected
Cooling: Wall/Window Unit(s), Ceiling Fan(s), Ductless
Heating: Window Unit, Wall Furnace
Exterior / Lot Features
Parking Description: Common, driveway
Roof: Metal, Shingle
Pool: Heated, In Ground, Salt Water, Screen Enclosure
Additional Exterior/Lot Features: Balcony, Storage, Garden, Rain Gutters, Outdoor Grill, Outdoor Shower, Fence, Enclosed, Deck, Balcony, Covered
Out Buildings: Storage
Unit Information
Unit 1 Units Total: 5
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 2
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Driving Directions
I-75 South. West on SR 17. Right on Marlympia Way. Right on Marion Ave. Right on Drury Lane.
Financial Considerations
Terms: Cash,Conventional
Gross Income: 265173
Tax/Property ID: 412305256006
Tax Amount: 13431.35
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 04/03/2024 01.41 PM | $1,300,000 | -$175,000 |
| 02/28/2024 11.12 AM | $1,475,000 |
A broker reciprocity listing courtesy: KELLER WILLIAMS SOUTH TAMPA
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Payment Calculator
The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.
Sales History & Tax Summary for 521 Drury Lane
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby 521 Drury Lane
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Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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