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3401 PALM DRIVE

Multi-family For Sale
$399,000

BTC: 4.83636364

ETH: 150.56603774

1 days
4 bds
1,928 sqft

Overview

INVESTMENT OPPORTUNITY IN PUNTA GORDA! This four-unit property offers investors the opportunity to acquire a cash-flowing multifamily asset with 3 of the 4 units currently occupied, providing immediate rental income with additional upside through lease-up of the remaining unit. Whether you're looking to expand your portfolio, generate ongoing income, or position yourself for long-term appreciation, this property offers multiple paths to value creation. Located in Punta Gorda, a growing Southwest Florida community known for its waterfront lifestyle, historic downtown, boating, dining, and convenient access to I-75, the property is well positioned to benefit from continued demand throughout Charlotte County. With three units already occupied, an investor can step into an income-producing property today while having the opportunity to increase overall revenue by filling the vacant unit and optimizing rents over time. Punta Gorda has also continued to see investment and redevelopment activity, adding to the area's long-term appeal for real estate investors. Buy for the cash flow today, while positioning yourself for potential long-term appreciation tomorrow. This is an opportunity to acquire an income-producing multifamily property in an established Southwest Florida market with room to increase income and build equity over time.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1978
Lot:
0.33 Acres
Heating:
Central
Price/sqft:
$207
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$3,071
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Surface Counters

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.33 Acres

    Other Property Information

    • Parcel Number: 412318330003

    • Zoning: RMF12

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Available

    • Electricity Connected

    • Sewer Available

    • Sewer Connected

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,071

  • Source details

    • MLS ID: TB8555249

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Block / Slab

    • Laundry Features: Inside

    • Living Area: 1928

    • Water Source: Public

    • Subdivision Name: TIERRA CORONADO

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: 10 STARS PROPERTY MANAGEMENT LLC