Listed by Real Estate Sales Force Coral Gables
$5,500,000
Coastal Short term rental Golfer’s Oasis + Boaters Paradise
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 12,000
Occupancy 90%
Tenancy Multi
Pro-Forma Cap Rate 7.64%
Pro-Forma NOI $420,000
Price per SqFt $458
Class A
Year Built 2025
Parking Spaces per unit
Investment Type Core
Multifamily
Marketing description
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. NO short term rental restrictions! Projected income of $52,000 per month on Airbnb for all 8 townhomes. Golf course membership included first 2 years, possible deed docks included. This is not a fourplex, yet an eight plex.
Investment highlights
Brand new! 2025 construction. No association fees, new owner creates their own management fees/budget if desired. Golf membership for the first few years included in this purchase, per (8) townhomes.
Listing Contacts
Listed by Real Estate Sales Force Coral Gables
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