3609 Bal Harbor Boulevard, Punta Gorda, FL 33950
Punta Gorda, FL, 33950 · Punta Gorda Isles Sec 12
$4,900,000
0 ba
About this home
Bal Harbor Townhomes presents a compelling opportunity to acquire a portfolio of eight (8) fully condo-converted townhomes at 1,500 sq ft per 3 bedroom/2 bathroom townhomes + garage. 9ft ceilings with exclusive view of the vibrant, lavish golf course in each unit right when you open the front door. When it comes to the coastal Punta Gorda, Florida market — it’s one of Southwest Florida's fastest-growing short-term rental corridors. With a negotiated all-cash price of $4,999,000, this portfolio delivers a 5.76%–6.50% going-in cap rate and projected 5-year IRRs of 10.3%–13.3% — institutional-quality returns for a coastal Florida STR Class A asset. NO short term rental restrictions! Projected income of $52,000 per month on Airbnb for all 8 townhomes. Golf course membership included first 2 years, possible deed docks included. This is not a fourplex, yet an eight plex.