Description
Excellent investment opportunity in the Punta Gorda/Port Charlotte area! This 10-unit multifamily property offers a strong combination of current income and value-add potential. The property features a mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, with several units already renovated and others partially updated, providing an opportunity for continued improvements and future rent growth. Currently, 7 units are income-producing, while the on-site superintendent occupies one unit and assists with property maintenance. The superintendent’s current lease expires December 2026, giving the new owner flexibility with future operations. Two 1BR/1BA units have been fully renovated, seven units are semi-renovated, and one 1BR/1BA unit remains unrenovated, creating additional upside potential. Conveniently located near shopping, dining, major roadways, and the growing Punta Gorda/Port Charlotte market. An attractive opportunity for an investor looking to acquire a 10-unit multifamily asset with existing cash flow, operational flexibility, and room to increase value through continued renovations and rental optimization. Financial information available upon request. Please do not disturb tenants.
