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14550 River Beach DrPort Charlotte, FL 33953

15-Unit Apartment Building, Value-Add Opportunity

Overview

Added:
Feb 13
Days on market:
50
This exceptional value-add multifamily investment opportunity presents a 15-unit apartment building in Port Charlotte, Florida. The property, Harborside Residences, comprises 11 multi-family units and 4 single-story villas, totaling 23,412 square feet. Built in 2020, this four-story building sits on a substantial 3.66-acre lot with Fee Simple ownership. Zoned RMF-15, the property boasts significant development potential with entitlements for an additional 34 residential units, capitalizing on its prime coastal location directly on the Myakka River. The desirable El Jobean area offers convenient access to Route 776, leading to Port Charlotte's thriving commercial center, including a Walmart Supercenter and the Port Charlotte Town Center mall. Residents enjoy proximity to a wealth of amenities, including boating, fishing, Charlotte Harbor Preserve State Park, and Port Charlotte Beach Park. The area's strong demographics, with over 41,700 people within a 5-mile radius and an average household income exceeding $93,000, showcase significant growth potential. This property presents a compelling investment opportunity in a rapidly developing coastal community. The area is experiencing significant residential and commercial growth, with several large-scale projects underway, further enhancing the property's long-term value. The current building features a private pool and clubhouse. This property offers a unique blend of immediate income generation and substantial future development upside.

Highlights

  • 15-unit multifamily apartment building with 4 single-story villas, totaling 23,412 square feet on a 3.66-acre lot.
  • Fee simple ownership, built in 2020, with RMF-15 zoning allowing for an additional 34 units.
  • Prime location in Port Charlotte, FL, on the Myakka River, offering convenient access to Route 776 and major commercial areas including Walmart and Port Charlotte Town Center.
  • Existing amenities include a private pool, clubhouse, and 485-foot fishing pier; future development plans include enhanced amenities.
  • Strong demographics: ~12,300 residents within 3 miles with an average household income of $92,738; ~41,700 residents within 5 miles with an average household income of $93,871; significant population growth projected.

Property Details for 14550 River Beach Dr

Property type
Apartment buildings
Square Feet
23,412 SF
Year Built
2020
Buildings
1
Stories
4
Units
15

Location Insight

City
Port Charlotte
County
Charlotte
State
Florida
Latitude
26.96342994887
Longitude
-82.208373703395
14550 River Beach Dr, Port Charlotte, Florida

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14550 River Beach Dr
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