14550 River Beach DrPort Charlotte, FL 33953

Property Details for 14550 River Beach Dr

Year built

2020

Property size (Sq ft)

23,412 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

26.9634

Longitude

-82.2084

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