π¨ $66/SqFt FLASH SALE ($135K SPREAD)! Remodeled 4BD CBS in Punta Gorda | $260K ARV ($1,450/mo Rent) π
About this property
This remodeled 1,888-square-foot concrete block home on a 0.34-acre lot in Punta Gorda, FL is offered at $139,000 ($68 per square foot) with a highest reasonable ARV of $225,000 ($138 per square foot); the same property sold for $262,500 in 2023 and an across-the-street comparable sold for $226,000 in 2026. The four-bedroom, one-bath residence features an updated kitchen, fully renovated bathroom, new flooring, fresh drywall and paint, and a recently repaired older shingle roof; utilities include public sewer, connected water, central A/C, electric heat, and inside laundry. Currently tenant-occupied at $1,450 per month (1.16% rent-to-price ratio) with the lease expiring in six months, the property projects market rent of $2,000-$2,200 monthly thereafter; annual taxes are approximately $1,240 with no HOA. Investor strategies include a day-one 11%+ cap rate with a significant rent bump in six months or a high-equity flip adding a second bathroom and new roof targeting a $240,000-$260,000 ARV.
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