3401 PALM DRIVE
Punta Gorda, FL 33950
$399,000
INVESTMENT OPPORTUNITY IN PUNTA GORDA! This four-unit property offers investors the opportunity to acquire a cash-flowing multifamily asset with 3 of the 4 units currently occupied, providing immediate rental income with additional upside through lease-up of the remaining unit. Whether you're looking to expand your portfolio, generate ongoing income, or position yourself for long-term appreciation, this property offers multiple paths to value creation.
Located in Punta Gorda, a growing Southwest Florida community known for its waterfront lifestyle, historic downtown, boating, dining, and convenient access to I-75, the property is well positioned to benefit from continued demand throughout Charlotte County.
With three units already occupied, an investor can step into an income-producing property today while having the opportunity to increase overall revenue by filling the vacant unit and optimizing rents over time. Punta Gorda has also continued to see investment and redevelopment activity, adding to the area's long-term appeal for real estate investors.
Buy for the cash flow today, while positioning yourself for potential long-term appreciation tomorrow. This is an opportunity to acquire an income-producing multifamily property in an established Southwest Florida market with room to increase income and build equity over time.
Listing Courtesy of: 10 STARS PROPERTY MANAGEMENT LLC
813-810-7099
| Listing Id: | TB8555249 |
|---|---|
| List Price: | $399,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Living Area: | 1,928 |
| Tax Annual Amount: | $3,071 |
| Lot Size Square Feet: | 14,374 |
| Lot Size Acres: | 0.33 |
| Waterfront?: | No |
| City: | Punta Gorda |
| County Or Parish: | Charlotte |
| Subdivision Name: | Tierra Coronado |
| Postal Code: | 33950 |
| Year Built: | 1978 |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Public Records |
| Building Area Total: | 2184 |
| Building Area Units: | Square Feet |
| Foundation Details: | Block, Slab |
| Construction Materials: | Block, Concrete, Stucco |
| Cooling: | Central Air |
| Directions: | From Sarasota: Take I-75 S toward Naples. Take Exit 164 toward Punta Gorda/US-17. Continue on US-17 S, then turn onto US-41 S/Tamiami Trail. Turn onto Palm Dr and continue to 3401 Palm Dr. From Punta Gorda: Take US-41 S/Tamiami Trail toward Port Charlotte. Turn onto Palm Dr and continue to 3401 Palm Dr. The property is approximately 4 miles from central Punta Gorda. |
| Exterior Features: | Sidewalk |
| Heating: | Central |
| Interior Features: | Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters |
| Laundry Features: | Inside |
| Listing Contract Date: | 2026-10-05 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.33 |
| Postal Code Plus4: | 3119 |
| MLS Area Major: | 33950 - Punta Gorda |
| MLS Area Major: | 33950 - Punta Gorda |
| Original List Price: | $399,000 |
| Parcel Number: | 412318330003 |
| Township: | 41 |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 23 |
| Public Survey Section: | 18 |
| Zoning: | RMF12 |
| Alternate Key Folio Num: | 0101341-001500-7 |
| Annual Net Income: | 45600.00 |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 202.90 |
| Calculated List Price By Calcula: | 206.95 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8555249?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8555249?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2022-12-15 |
| Flood Zone Panel: | 12015C0241G |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 179.12 |
| Lot Size Square Meters: | 1335 |
| Minimum Lease: | No Minimum |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | Aqui Esta |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 1 |
| Unit Count: | 1 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 813-810-7099 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 07:25 PM - ET
