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$1,300,000
113 Days Online

521 Drury Lane
Punta Gorda, FL 33950

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
3,818
SqFt
$340
/SqFt
1956
Built
Subdivision:
Pineapple Centre
County:
Charlotte

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Call Now: (352) 274-3800
Is this the home for you? We can help make it yours.
(352) 274-3800
521 Drury Lane521 Drury Lane521 Drury Lane521 Drury Lane
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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!

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Listing Snapshot
Price 
$1,300,000
Days Online 
113 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,818 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.57 Acres
Year Built 
1956
MLS® Number 
T3494227
Status 
Active
Property Tax 
$13,431
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $1,300,000
2 months agoPrice changed to $1,475,000
4 months agoListing first seen online
General Features
Construction 
BlockStuccoVinyl SidingWood Siding
Building Features 
FurnishedPool/ Spa
Parking 
Parking Spaces - 6 to 12
Sewer 
Septic Tank
Number of Stories 
1
Acreage 
0.57
Water 
Public
Property Sub Type 
Multi Family
Foundation 
Slab
Zoning 
OMI
Ownership 
Sole Proprietor
Parcel Number 
412305256006
Interior Features
Cooling 
Mini- Split Unit(s)Wall/ Window Unit(s)
Appliances 
DishwasherDryerMicrowaveRefrigeratorWasher
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Exterior Features
Roof 
MetalShingle
Waterfront Property 
No
Road Frontage 
City Street
Other Structures 
Storage
Community Features
Township 
41S
MLS Area 
33950 - Punta Gorda
Building Features 
FurnishedPool/ Spa
Listing courtesy of KELLER WILLIAMS SOUTH TAMPA 813-875-3700



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-04-23 04:20 PM EDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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