520 DRURY LANE

RECENTLY RENOVATED DUPLEX WITH EXTENSIVE RENTAL INCOME OPPORUNTIES: This gorgeous TURN-KEY duplex was remodeled in 2015-2016 from the studs in with new windows, doors, A/C systems, roof, water heaters, floors, cabinets, granite counters, appliances, bathrooms, furnishings, closet laundry spaces and outdoor decks. An already established short term income producing property with revenue streams through Airbnb and VRBO bookings generating a net income of over $38,000 annually, this property is ideal for investors looking to be in Southwest Florida. The significant potential that this property affords is nowhere near maximized with substantial room for growth. In addition to the duplex running at only a 30% occupancy rate for short term rentals that can easily be increased, the property also includes a BONUS RV that is hard plumbed/wired for additional rental income. The Owner only recently started renting out the RV and is generating an additional $150 a night from the unit, which is not included in any of the income calculations or materials provided. Not advertised locally, offered at a discount out of season, available for single night rentals or a primary focus point to lease for the Owner, this income opportunity could easily generate twice its current annual income. Not looking to do short term rentals or stays? The property can also be rented as THREE annual rental units for approximately $3,400 a month altogether. Alternatively, live in any one of the units and rent out the others for income or utilize the OMI zoning for commercial purposes, the options are endless. Currently combined with an additional acre of land to be separated at time of sale this property is part of a larger package that can be sold together or separately. Additional package includes an acre of OMI land (MLS#C7455055) and a multiunit complex with additional 7 rental units (MLS#C7455063) along with resort style amenities. Centrally located across from the famous Fat Point Brewery, the property is 1.2 miles off of the interstate as well as 1.5 miles from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping. Punta Gorda airport is less than 3 miles from the property providing convenience and extremely affordable travel arrangements. Informational packet containing survey, elevation certificates, P&L's, Airbnb bookings, VRBO bookings and rental proforma is available upon request. This is a one of a kind opportunity that will not last long.