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!

3269 Duncan Rd

11 Unit Block of Flats £1,562,925 (£142,084/Unit) 7.86% Net Initial Yield Punta Gorda, FL 33982

Investment Highlights

  • Peaceful property right on the water
  • Can use for short-term, mid-term or long-term rentals
  • No neighbors

Executive Summary

?? INCREDIBLE TURNKEY INVESTMENT OPPORTUNITY! ??
Punta Paradise: Your Passive Income Dream
Welcome to Punta Paradise Investment
Property Overview:
We purchased this property in October 2022 when it had not been updated since its original construction. We completed a full remodel of the entire property, transforming it into a high-performing short-term rental.
Unit Upgrades:
- New roofs
- New windows and doors
- New tile floors
- New bathroom vanities and showers
- New cabinets and countertops
- New appliances
- New furniture and decor
Comprehensive landscaping was also redesigned to enhance the property's appeal.
Investment Performance:
- Annual Income: Over $275,000
- Cap rate 7.86
- Total Reviews: 500+
- Average Rating: 4.9 stars
Property Specifications:
- 11 units (approximately 660 sq ft each)
- Located on 2+ acres of waterfront property
- Situated on Shell Creek
- Amenities include docks, canoes, and kayaks
Operational Management:
The property is fully integrated with Hostaway software, which:
- Manages bookings across multiple platforms (Airbnb, Booking.com, VRBO)
- Synchronizes calendars automatically
- Adjusts pricing dynamically
- Generates unique door access codes
- Sends automated guest communications
This turn-key investment comes with a professional cleaning crew and on-site management, ensuring minimal owner involvement while generating consistent revenue.
Contact
Mark Anderson
Owner
markand22@yahoo.com
509-995-5844

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £235,702 £31.86
Other Income - -
Vacancy Loss - -
Effective Gross Income £235,702 £31.86
Taxes - -
Operating Expenses - -
Total Expenses £111,017 £15.00
Net Operating Income £124,686 £16.85

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £235,702
Annual Per SF £31.86
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £235,702
Annual Per SF £31.86
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £111,017
Annual Per SF £15.00
Net Operating Income
Annual £124,686
Annual Per SF £16.85

Property Facts

Price £1,562,925
Price Per Unit £142,084
Sale Type Investment
Net Initial Yield 7.86%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 7.1
No. Units 11
Property Type Residential
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 6.54 AC
Building Size 7,399 SF
Average Occupancy 75%
Number of Floors 1
Year Built/Renovated 1972/2023

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Views
  • Yard
  • Dock
  • Garden
  • Lawn
  • Patio

Site Amenities

  • Laundry Facilities
  • Picnic Area
  • Waterfront
  • Dock

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 11 - 670

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
402324426001
Land Assessment
£187,351 (2023)
Improvements Assessment
£26,526 (2023)
Total Assessment
£213,876 (2023)

zoning

Zoning Code RMF5
RMF5
  • Listing ID: 34380531

  • Date on Market: 06/01/2025

  • Last Updated:

  • Address: 3269 Duncan Rd, Punta Gorda, FL 33982

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') }}