Punta Gorda - Beach Property For Sale #7631563

Bal Harbour 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 for all 8 townhomes. Golf course membership included first 2 years, possible deed docks included. This is not a fourplex, yet an eight plex.