10016 Cocoa Beach StPort Charlotte, FL 33981

Property Details for 10016 Cocoa Beach St

Year built

2024

Lot size

0.23 AC

Property size (Sq ft)

2,266 SF

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a brand-new, Class A duplex located at 10016 Cocoa Beach St, Port Charlotte, FL 33981. Completed August 15th, 2024, this property boasts 2,266 square feet situated on a 0.23-acre lot. The duplex features two units, each with 3 bedrooms and 2 bathrooms, a one-car garage, and additional driveway parking. High-quality finishes include premium vinyl flooring and elegant granite countertops in the kitchens. Currently 100% occupied, the property generates a Net Operating Income (NOI) of $35,700, representing a 6.00% cap rate. The asking price is $595,000, or $297,500 per unit. This sale is structured as a sale-leaseback, offering a guaranteed 6% NOI for the first two years. The property's prime location offers easy access to beaches, supermarkets, and local amenities, and is situated in a highly-rated school district. This turnkey property is ideal for investors seeking stable returns in a rapidly appreciating market, offering a blend of comfort and exceptional investment potential. The property is a single-story building constructed in 2024. Don't miss this chance to acquire a high-performing asset in a desirable Florida location.

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

26.887

Longitude

-82.2356

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