2150 Luther RdPunta Gorda, FL 33983

  • Investment properties
  • 34,483 SF
For Sale
$7,900,000 View listing

Property Details for 2150 Luther Rd

Year built
2025
Lot size
2.38 AC
Property size (Sq ft)
34,483 SF
Property type
Investment properties
Property subtype
Multifamily properties

Description

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.

2150 Luther Rd, Punta Gorda, Florida

Location Insight

City
Punta Gorda
County
Charlotte
State
Florida
Latitude
26.9983
Longitude
-82.0334

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