161 Concord Dr NE - Luxury Waterfront Investment Property
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161 Concord Dr NE - Luxury Waterfront Investment Property
2,982 SF Speciality Building Offered at £413,747 at a 11.31% Net Initial Yield in Port Charlotte, FL 33952
Investment Highlights
- Located near new Sunseeker Resort, shopping, dining, and beaches
- Ideal Investment Property for Use as Executive Rental and/or Vacation Rental
- 80 ft dock with boat lift and kayak access
- Fully-Furnished Turn-Key Vacation Rental
Executive Summary
Overview:
This luxurious waterfront home in Port Charlotte, FL, presents an excellent investment opportunity. Boasting 4 bedrooms and 3 bathrooms, including two master suites, this fully furnished property comfortably accommodates up to 8 guests. With an oversized lot and easy access to the new Sunseeker resort, this home promises the ultimate in luxury living and leisure.
Rental Details:
Max Occupancy: 8 guests
Yearly Projected Revenue: $58,678
Days Occupied: 226 days
Daily Rate Avg: $260
Projected Rental Income:
Jan: $7,029 | Feb: $7,898 | Mar: $8,831
Apr: $6,000 | May: $3,088 | Jun: $2,604
Jul: $2,971 | Aug: $2,494 | Sep: $2,841
Oct: $4,724 | Nov: $5,064 | Dec: $5,134
Total: $58,678
Property Highlights:
Open floor plan with tile flooring throughout
Fully furnished
80 ft dock with boat lift and kayak access
Captivating water views from the screened patio
Conveniently located near shopping, dining, and beaches
Ideal for entertaining, boating, and enjoying Florida's lifestyle
Rental Pro Forma:
These rental projections are educated estimates, making this waterfront luxury home an enticing investment choice. With low start-up fees, no long-term contracts, and a satisfaction guarantee, seize the opportunity to own a piece of waterfront paradise in beautiful Port Charlotte, FL.
Note: Projections may vary based on market conditions and property management. Projections below are based on including a 15% Property Management Fee in expenses.
Contact us today to schedule a private viewing and explore the potential of this exquisite investment property. Don't miss your chance to make your investment dreams a reality!
Disclaimer: According to property appraiser the property only has three bedrooms, but in terms of usability it has four bedrooms: two master bedrooms with walk-in closets and master bathrooms, and two regular bedrooms and one additional bathroom.
This luxurious waterfront home in Port Charlotte, FL, presents an excellent investment opportunity. Boasting 4 bedrooms and 3 bathrooms, including two master suites, this fully furnished property comfortably accommodates up to 8 guests. With an oversized lot and easy access to the new Sunseeker resort, this home promises the ultimate in luxury living and leisure.
Rental Details:
Max Occupancy: 8 guests
Yearly Projected Revenue: $58,678
Days Occupied: 226 days
Daily Rate Avg: $260
Projected Rental Income:
Jan: $7,029 | Feb: $7,898 | Mar: $8,831
Apr: $6,000 | May: $3,088 | Jun: $2,604
Jul: $2,971 | Aug: $2,494 | Sep: $2,841
Oct: $4,724 | Nov: $5,064 | Dec: $5,134
Total: $58,678
Property Highlights:
Open floor plan with tile flooring throughout
Fully furnished
80 ft dock with boat lift and kayak access
Captivating water views from the screened patio
Conveniently located near shopping, dining, and beaches
Ideal for entertaining, boating, and enjoying Florida's lifestyle
Rental Pro Forma:
These rental projections are educated estimates, making this waterfront luxury home an enticing investment choice. With low start-up fees, no long-term contracts, and a satisfaction guarantee, seize the opportunity to own a piece of waterfront paradise in beautiful Port Charlotte, FL.
Note: Projections may vary based on market conditions and property management. Projections below are based on including a 15% Property Management Fee in expenses.
Contact us today to schedule a private viewing and explore the potential of this exquisite investment property. Don't miss your chance to make your investment dreams a reality!
Disclaimer: According to property appraiser the property only has three bedrooms, but in terms of usability it has four bedrooms: two master bedrooms with walk-in closets and master bathrooms, and two regular bedrooms and one additional bathroom.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £46,778 | £15.69 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £46,778 | £15.69 |
Taxes | £4,475 | £1.50 |
Operating Expenses | £12,197 | £4.09 |
Total Expenses | £16,673 | £5.59 |
Net Operating Income | £30,105 | £10.10 |
Financial Summary (Pro forma - 2023)
Gross Rental Income | |
---|---|
Annual | £46,778 |
Annual Per SF | £15.69 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £46,778 |
Annual Per SF | £15.69 |
Taxes | |
---|---|
Annual | £4,475 |
Annual Per SF | £1.50 |
Operating Expenses | |
---|---|
Annual | £12,197 |
Annual Per SF | £4.09 |
Total Expenses | |
---|---|
Annual | £16,673 |
Annual Per SF | £5.59 |
Net Operating Income | |
---|---|
Annual | £30,105 |
Annual Per SF | £10.10 |
Property Facts
Price | £413,747 | Lot Size | 0.25 AC |
Price Per SF | £139 | Building Size | 2,982 SF |
Sale Type | Investment or Owner User | Number of Floors | 1 |
Net Initial Yield | 11.31% | Year Built | 1973 |
Property Type | Speciality | Parking Ratio | 1.68/1,000 SF |
Price | £413,747 |
Price Per SF | £139 |
Sale Type | Investment or Owner User |
Net Initial Yield | 11.31% |
Property Type | Speciality |
Lot Size | 0.25 AC |
Building Size | 2,982 SF |
Number of Floors | 1 |
Year Built | 1973 |
Parking Ratio | 1.68/1,000 SF |
Amenities
- Waterfront
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zoning
Zoning Code | RSF3.5 |
RSF3.5 |
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161 Concord Dr NE - Luxury Waterfront Investment Property
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