Active

$1,350,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 7150 sq ft
Overview
  • ID: MFRO6298244
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 7150 sq ft
Property Details
Remarks
Welcome to your Punta Paradise investment. We purchased this property in October 2022 when it had not been updated since its original construction. Property Performance: - Annual income Total reviews: 500+ - Average rating: 4.9 stars -Cap rate 10 We conducted a comprehensive remodel of the entire property, including significant upgrades to each unit: Unit Upgrades: - New roofs - New windows - New doors - New tile floors - New bathroom vanities - New showers - New cabinets and countertops - New appliances - Updated artwork and furniture We also completely redesigned the landscaping throughout the property, transforming this once underperforming asset into an exceptional rental investment. Property Performance: - Annual income -Total reviews: 500+ - Average rating: 4.9 stars -Cap rate 10 Property Details: - 11 units, each approximately 650 square feet All with 1 bedroom, 1 bath, livingroom, dining room, kitchen on the water. - Located on over 2.5 acres of waterfront property along Shell Creek - Amenities include docks, canoes, and kayaks for guests to enjoy fishing and scenery Operational Efficiency: The entire property is managed through Hostaway, a comprehensive software solution - Automatically adjusts pricing based on demand - - Generates unique door access codes for each stay This property represents a great investment with professional management and a cleaning crew to handle any potential issues, making it an great low-maintenance revenue generator
Financial Considerations
Price:
$1,350,000
HOA Fee:
N/A
Tax Amount:
$13060
Price per SqFt:
$188.81
Tax Legal Description:
ZZZ 244023 P12-1 24 40 23 P-12-1 N1/2 OF SE1/4 LESS THAT PART LYING S OF TRIBUTARY & E OF CENTER LINE OF SHE LL CREEK AS DESC IN 171/195 & LESS THAT PART LYING N OF CREEK & ADJ TO US #17 AS DESC IN 311/350 403/953 149/515 1217/487 1244/18261278/2170 1278/2191 TD1816/17
Exterior Features
Lot Size:
2928538
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Electric, Ductless
Cooling:
Ductless, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1978
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Other, Outdoor Grill, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    3269 DUNCAN RD
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
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