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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,818 sqft
Price per Sqft $209
Subdivision Pineapple Centre
MLS Listing ID C7455063
Sold Date 04/20/22
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Year Built 1956
Annual Tax Amount $8,053
Lot Size 0.570 Acres
Acres 0.57
Property Description
WELCOME TO CABANA JOE’S the best kept secret in all of Punta Gorda. Providing guests daily and short-term stays, this incredible estate is truly one of a kind. Spanning over .57 acres, Cabana Joe’s offers four separate income producing buildings. Designed with resort style amenities, features and atmosphere, this exceptionally established income producing property combines for a total of 7 rental units with individually named cabanas. In addition to each cabana (one- & two-bedroom units) having their own kitchenette, bathroom, living area and theme, many have their own private decks with hot tubs. Guests are fully submerged into the Florida vacation lifestyle with countless conveniences including a massive heated pool with waterfall, grotto style spa, volleyball court, margarita bar, tropical wooded breezeways, picnic pavilion, gym, video library, firepit, parklike common areas, community hot tubs, hammock section, arcade games, full pool bathroom, koi pond, free bikes/kayaks rentals and vibrant color schemes incorporated throughout. Each cabana has its own unique style with all the luxuries needed for guests to comfortably enjoy their stay, featuring flatscreen TV’s, free WiFi, appliances, cookware, furnishings and linens. Completely remodeled from 2015-2016, Cabana Joe’s is 100% turnkey encompassing everything needed including the 4.8 star Google rating to continue orchestrating this thriving business. Since conception net income has continued to climb year in and year out (approximately 58% from 2020-2021) with continued repeat customers. In 2021 utilizing Airbnb, VRBO and call-in bookings the gross revenue exceeded $120,000 with minimal expenses due to newer energy efficient units, onsite staff and minimized operating costs. Centrally located across from the famous Fat Point Brewery, Cabana Joe’s is 1.2 miles off of the interstate and 1.5 miles from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping. Punta Gorda airport is less than 3 miles from the property providing convenience and extremely affordable travel arrangements. Informational packet containing surveys, elevation certificates, P&L's, Airbnb bookings, VRBO bookings and rental proforma is available upon request. This property is part of a larger package also available for purchase that includes an acre of land zoned OMI (MLS#C7455055) and a duplex with additional RV (MLS#C7455142).
Location
State FL
County Charlotte
Community Pineapple Centre
Zoning OMI
Interior
Heating Central, Electric, Wall Units / Window Unit
Cooling Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Flooring Ceramic Tile, Concrete, Tile, Tile
Appliance Dryer, Microwave, Refrigerator, Washer
Exterior
Garage Parking Spaces - 6 to 12, Ground Level
Utilities Available Electricity Available, Public, Water Connected
Waterfront false
Roof Type Built-Up, Metal, Shingle
Parking Type Parking Spaces - 6 to 12, Ground Level
Building
Lot Description FloodZone, Oversized Lot, Paved
Story 1
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Block, Concrete, Metal Frame, Metal Siding, Stucco, Wood Frame, Wood Siding
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Ownership Corporation
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Special Listing Condition None
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Bought with KELLER WILLIAMS SOUTH TAMPA