$1,300,000

521 Drury Lane, Punta Gorda, FL 33950

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$1,300,000

(175,000) 04/03/2024

521 Drury Lane Punta Gorda, FL 33950

For Sale MLS# T3494229

9 beds7 baths3,818 sq ftMulti-family

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Data current as of 14/04/2024 11:06:51

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

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


$1,475,000 Original Price
$1,300,000 Current Price
-$175,000Total Change
Date Price Change
04/03/2024 01.41 PM $1,300,000-$175,000
02/28/2024 11.12 AM $1,475,000
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Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
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Schools nearby 521 Drury Lane

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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

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