26156 Northern Cross Rd, Punta Gorda, FL 33983

AWC - Taking Backup Offers INVESTORS! This is a portfolio of 6 duplexes. All of the duplexes are within a 1/4 mile radius, and they were built in pairs of two. Owner is willing to separate. The buildings are in excellent condition. Annual leases, however if the property sells and transfers ownership the new owner will not be bound by the lease. The leases state, "that in the event that the property does sell, the lease will terminate early, at landlords option, and the tenants will be given written notice to vacate within 60 days of closing." Offered as a portfolio for $1,150,000. Can expect an 8% - 9% Cap rate with room to grow. Similar building's with same floor plan's in Deep Creek have brought upwards of $1,075 per unit.