Punta Gorda, FL 33983,1350 RIO DE JANEIRO AVE
Punta Gorda, FL 33983,1350 RIO DE JANEIRO AVE
Punta Gorda, FL 33983,1350 RIO DE JANEIRO AVE
22
$1,040,000
$1,199,000
13.3%
Est.Price: ?

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7,671 SqFt

1350 RIO DE JANEIRO AVE Punta Gorda, FL 33983

Est. payment /mo
SOLD DATE : 01/07/2022

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Key Details

Sold Price $1,040,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,671 sqft

Price per Sqft $135

Subdivision Punta Gorda Isles Sec 23

MLS Listing ID A4513511

Sold Date 01/07/22

Construction Status Inspections

HOA Y/N No

Year Built 1986

Annual Tax Amount $12,184

Lot Size 0.460 Acres

Acres 0.46

Property Description

If your looking for a meticulous multifamily building, you have found it. Six separate apartments located on a gorgeous golf course with incredible views. Each apartment has its owner electric and water meter. The building has multiple updates, including several newer AC units, water heaters, a new exterior paint job and numerous interior upgrades. Each unit is spacious with open floor plans and large screened in porches overlooking the golf course. The owner has many long term tenants who are mostly on month to month lease agreements. This building should bring in a 6%-7% cap rate at today's expected rental rates. This well built building has attracted excellent tenants with no rental collection issues. The building is located near shopping and highways.

Location

State FL

County Charlotte

Community Punta Gorda Isles Sec 23

Zoning RMF15

Interior

Interior Features Ceiling Fans(s), High Ceilings

Heating Central

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Balcony

Utilities Available BB/HS Internet Available, Cable Available, Sewer Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Well

Structure Type Block

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Membership Fee Required None

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by SANDERLING REAL ESTATE
Bought with EXP REALTY LLC

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Mark Gilbo

Broker | License ID: 10491206207

+1(315) 804-4847

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