For Sale
$7,900,000

2150 Luther RdPunta Gorda, FL 33983

22-unit, high-cap rate investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 22-unit townhouse portfolio, located at 2150 Luther Rd, Punta Gorda, FL 33983, presents a compelling investment opportunity. Currently under construction with a projected completion in 2025, this Class A property boasts 34,483 square feet across 11 buildings on a 2.38-acre lot. The property features 2-story townhomes, offering 30,849 square feet of net rentable space. With an asking price of $7,900,000, the price per unit is $359,090.91, and the price per square foot is $229.10. The property's projected cap rate is a strong 11.69%, yielding a pro-forma NOI of $923,328. The current cap rate is 10.60%. Situated in a prime location with convenient highway access and proximity to new developments, this luxury build is zoned RMF10. The property's APN is 402317178001. This is a rare chance to acquire a high-performing, newly constructed multifamily asset in a rapidly growing market. Don't miss this chance to own a truly exceptional investment property.

Highlights

  • New construction, 22-unit townhouse project in Punta Gorda.
  • Fast-track construction timeline.
  • Excellent investment opportunity.
  • Prime location near highway and other new developments.
  • Luxury finishes; high demand anticipated.

Property Details for 2150 Luther Rd

Property type
Residential income homes, Dormitories
Square Feet
34,483 SF
Class
A
Year Built/Renovated
2025/2025
Buildings
11
Stories
2
Lot Size (sq. ft)
103,673 SF
Units
22

Location Insight

City
Punta Gorda
County
Charlotte
State
Florida
Latitude
26.998338
Longitude
-82.033446
2150 Luther Rd, Punta Gorda, Florida

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2150 Luther Rd
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