RARE WATERFRONT DUPLEX INVESTMENT OPPORTUNITY: This fully leased property with extensive potential already has tenants in place yielding immediate cash flow. Featuring a desirable 2 bedroom, 2 bathroom unit on one side and a 2 bedroom, 1.5 bathroom unit on the other, each side showcases their own outdoor laundry room as well as separate covered screened lanai area. Flexibility is afforded with this income producing property as one tenant is vacating April 30th, 2022 allowing the opportunity to utilize FHA or VA financing with the ability to live in one side while renting out the other or placing a new tenant in the unit at the estimated annual market rate of $1,400-$1,500 per month to increase net revenue. Alternatively, turn the units into seasonal and short term rentals projected to bring in per unit $2,500-$2,800 per month during season with $1,800-$2,200 per month out of season. Recent improvements include 2019 front entry storm door in Unit 23310, 2018 meter/panel replacement in both units, 2018 A/C in Unit 23302, newer water heaters in both units, newer gutters and updated kitchen/vanities in Unit 23310. Both units feature tile floors throughout, central air, separate carports with driveways, separate electric meters and separate water meters. Ideal site location is situated on an oversized lot at the end of a cul-de-sac with private backyard that overlooks a canal. Only minutes from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping.
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