This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

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
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

zoning

Zoning Code RSF3.5
RSF3.5
  • Listing ID: 29064602

  • Date on Market: 21/07/2023

  • Last Updated:

  • Address: 161 Concord Dr NE, Port Charlotte, FL 33952

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}