Punta Gorda - Beach Property For Sale #7631569

This price reflects an individual purchase of ONE townhome! Golfers dream, boaters paradise, & your final destination! SHORT TERM RENTAL APPROVED, no restrictions! 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. Free golf membership included for the first 2 years, option to purchase a deeded dock across the street at community Marina! Association fee will be finalized for individual townhome purchases.