Bal Harbour Townhomes presents a compelling opportunity to acquire a portfolio of eight 8 fully condo converted townhomes at 1, 500 sq ft per 3 bedroom 2 bathroom townhomes garage.


Property

Website:https://www.nestseekers.com/5406203
Address:
,, FL 33950
Ownership: For Sale
Type: Unknown

Financials

Price:$5,500,000

Description

Bal Harbour Townhomes presents a compelling opportunity to acquire a portfolio of eight (8) fully condo-converted townhomes at 1,500 sq ft per 3 bedroom/2 bathroom townhomes + garage. 9ft ceilings with exclusive view of the vibrant, lavish golf course in each unit right when you open the front door. When it comes to the coastal Punta Gorda, Florida market — it’s one of Southwest Florida's fastest-growing short-term rental corridors. With a negotiated all-cash price of $4,999,000, this portfolio delivers a 5.76%–6.50% going-in cap rate and projected 5-year IRRs of 10.3%–13.3% — institutional-quality returns for a coastal Florida STR Class A asset.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Real Estate Sales Force