Enjoy direct views of Charlotte Harbor and a brief walk across the street to the park, featuring a playground and extensive walking and biking sidewalks, leading to the Sun Seeker Resort. Separated only by a bridge from downtown Punta Gorda, Parcel 1 at 23072 Bayshore Rd, Punta Gorda, FL 33980, is an updated five-unit income property situated directly opposite Bayshore Live Oak Park and the harbor. It includes a standalone 2-bedroom, 1-bathroom home with harbor views. Adjacent to this home is a detached fourplex at the same address, comprising additional income-producing four 1-bedroom, 1-bathroom units. The property also offers a coin-operated laundry room, generating roughly $3, 600 annually. Parcel 2 at 23087 Central Ave, Port Charlotte, FL 33980, lies directly behind 23072 Bayshore, connected by a charming walkway. This updated income property features three units: a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit, and an efficiency unit. All buildings boast new roofs, fresh interior and exterior paint, new stained wood, and numerous other interior upgrades. The property also hosts a 5th wheel RV, occupied by the caretaker, and has a designated paved area for an additional RV. Remarkably, all units sustained minimal or no damage from Hurricane Ian. (Both Parcels must be purchased together (23072 Bayshore MLS #D6136425 and 23087 Central Ave MLS# D6136447)
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,471 | $2,406 | $3,129 |
Total Monthly Payment | $2,998 | $2,933 | $3,656 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.