2150 Luther Rd Punta Gorda, FL 33983
- Residential income homes
- 34,483 SF
- 2.38 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2150 Luther Rd
- Year built
- 2025
- Lot size
- 2.38 lot acres
- Property size
- 34,483 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
- APN
- 402317178001
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Punta Gorda
- County
- Charlotte
- State
- Florida
- Longitude
- -82.033446
- Latitude
- 26.998338
