512 Edmund St

Punta Gorda, FL 33950
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2 bd, 2 ba | 1,892 sqft | Built in 1905

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List Price
$180,000

Initial Investment

$49,050

Purchase Price

$180,000

Down Payment

25%

Rent

$2,020

Total Return

$163,477

Annualized Return

38.0%

Cap Rate

9.0%

Gross Yield

13.5%

Cash Flow

$5,565

Appreciation

12.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,399

HOA

None

Flood Risk

High Risk - Zone AE

Attention Investors and Fixer Uppers! Welcome to your slice of historic Florida charm! Nestled along the serene shores of a picturesque lake, this 1905 Florida-style residence invites you to embrace a lifestyle of tranquility and natural beauty. Boasting 2 bedrooms, 2.5 baths, and a converted garage space, this home offers a unique blend of vintage character with historic charm.
Step into a lush oasis of greenery as you explore the overgrown landscaped grounds adorned with an abundance of fruit trees and native exotic plants, creating a botanical paradise in your backyard. Inside, features the classic original wood floors, French doors, wood moldings, and a cozy fireplace, perfect for creating warm gatherings on cool evenings.
The heart of the home, the kitchen, showcases elegant granite countertops, and offers sliding glass doors to the backyard. While this gem is a fixer-upper in need of some tender loving care and repairs, envision the opportunity to transform it into your dream retreat.
Conveniently located close to downtown Punta Gorda, you'll find yourself immersed in a vibrant community offering an array of attractions including farmers markets, boat ramps, restaurants, shopping boutiques, hospitals, and more. Embrace the laid-back Florida lifestyle with easy access to all amenities while relishing the peaceful ambiance of lakefront living.
This unique property is serviced by city water and septic, and electricity is already hooked up. Converted Garage has workshop and water hookups. Don't let this opportunity slip away – seize the chance to breathe new life into this one-of-a-kind home with just a little TLC, turning it into a true masterpiece tailored to your vision. Explore the endless possibilities and make this historic gem your own!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$23,028

Expenses

-$5,128

Property Taxes

-$2,550

Loan Payments

-$9,786

Net Cash Flow

$5,565

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Shelley Johnson
ALLISON JAMES ESTATES & HOMES
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #A4606505
Last Updated: 04/10/2024 10:04
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