29178 Snook Cir., Punta Gorda, FL 33982

WATERFRONT INVESTMENT OPPORTUNITY: This INCREDIBLY unique property offers significant rental investment potential to the right visionary Buyer. Located on a premium parcel with breathtaking intersecting canal views and access to the Peace River, the main dwelling currently being used as a triplex has three separate units with independent electric meters and a shared well for water. The first unit is a two bedroom, one bathroom rental with long term (5+ year) tenants in place that wish to remain as long as possible, paying $700 per month with a lease expiring on 1/31/2020. The middle unit was in the process of being remodeled prior to sustaining damage from hurricane Irma. This unit was receiving $550 per month of rental income previously to being vacated and is now an empty canvas to be redesigned. The third unit is a one bedroom, one bathroom that offers a living room and family room that could be converted into a second bedroom and was being rented for $650 a month by long term tenants (5+ years) before leaving due to Irma. This unit is ready to be rented again with minimal effort. In addition to three potential rental income units, there is an adjacent parcel to the property currently containing a dilapidated trailer, which could be replaced or rebuilt for a fourth rental income opportunity. The main dwelling roof was replaced in September of 2017. If handy and able to extract the full rental potential of this property, the return on investment is incomparable to anything else at this price point.