Commercial & Multi Family Investment Sale

Multi-Family for Sale
Catylist Listing ID: 30803541
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 8,948 SF
Gross Building Area: See Agent
Gross Land Area: 18,550 SF
Sale Price: $1,700,000
Unit Price: $141,666.67 Per Unit
Property Use Type: Investment
Building Name: The Courtyard
Sale Terms: Cash to Seller
Cap Rate: 6.03%
Average Occupancy Rate: 100
Last Updated: 6/30/2022

Overview / Comments

The Courtyard was acquired in 2018 by a professional plumbing company who renovated the units
and enhanced the courtyard with beautiful greenery, sitting areas for customers and residents, a
gazebo with an outdoor area for pet-friendly businesses, and a laundry area for all tenants. This little
gem sits in the middle of Port Charlotte. It's 100% occupied and the tenants have a long-term
commitment to the location. The building contains 6 commercial spaces on the lower level and 6
residential suites with 1 bedroom and 1 bathroom on the 2nd level. There are 26
onsite parking spaces and plenty of ambiance for visitors. This is truly an awesome investment
opportunity!

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402216404004
Zoning: CG - COMMERCIAL GENERAL
Percent Occupied: 100%
Area Description: Near Midway and US 41 in Port Charlotte Florida Next to Honey Baked Ham Co.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1974
Year Renovated: 2006
Parking Type: Surface
Zoning Description: Commercial General

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,742 51,593 93,436
Median Age: 49.57 50.31 48.6
Households: 4,100 22,879 40,267
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