418 East Virginia Avenue, Punta Gorda, FL 33950

Hull Multifamily Advisors is pleased to present the exclusive offering of Virginia Avenue Duplexes in Punta Gorda, Florida. Built in 1969, this well-maintained 8-unit multifamily asset consists of four duplex-style buildings featuring a unit mix of (4) 720 SF two-bedroom/one-bath units and (4) 460 SF one-bedroom/one-bath units.

The property has undergone significant recent capital improvements, including new plumbing throughout, updated electrical panels and wiring in 3 of the 4 buildings, and new HVAC systems in 3 of the 4 buildings, helping minimize near-term capital expenditure needs for future ownership. Residents benefit from desirable amenities such as individual unit entrances, ample on-site parking, and a low-density residential layout that enhances tenant appeal. Current ownership pays for trash, water (4/8 units), and electricity (2/8 units), while tenants are responsible the remaining utility expenses.

Virginia Avenue Duplexes is being offered as a stabilized, cash-flowing investment with substantial upside potential. Most notably, the property features significantly below-market rents while historically maintaining occupancy levels near 100%. Based on an in-depth rent comparable analysis (located on page 17), current rental rates are estimated to be approximately $150–$250 below competing properties in the market. This creates a clear opportunity for investors to increase rents toward market levels, driving additional cash flow and meaningful value appreciation. With its attractive Punta Gorda location, proven occupancy history, and strong value-add potential, this offering represents a compelling investment opportunity. Please contact Hull Multifamily Advisors for additional information before this opportunity is gone.