$249,000
18545 JAY AVE, PORT CHARLOTTE, FL 33948
ActiveProperty details
About this home
INVESTOR OPPORTUNITY! Currently generating $2,800/month in rental income—that's $33,600 annually! This spacious 5-bedroom, 3-bathroom pool home in Port Charlotte offers an attractive combination of existing rental income, extensive improvements, and long-term investment potential. Situated on an approximately 0.23-acre lot with a garage, the property has undergone substantial renovations, including many of the big-ticket improvements investors look for. Updates include new plumbing supply and drain lines, upgraded electrical with a 200-amp Square D panel, new HVAC system and ductwork, added wall and ceiling insulation, hurricane windows, and a new water heater. Inside, the home features new flooring throughout, updated doors and hardware, a remodeled kitchen with new cabinetry, countertops, and appliances, and renovated bathrooms with updated vanities, tubs, showers, and fixtures. The generous five-bedroom layout, additional bonus spaces, and private swimming pool provide desirable features for attracting and retaining tenants. The property does need a roof replacement and minor vinyl siding repairs in two areas, offering an opportunity for an investor to complete the remaining improvements while benefiting from the extensive renovations already completed. Conveniently located near shopping, dining, boating, fishing, golf, and Gulf Coast beaches, with easy access to Punta Gorda and surrounding communities. With $33,600 in annual gross rental income already in place, this is an opportunity to acquire an income-producing property without starting from scratch. Whether you're expanding an established rental portfolio or purchasing your first investment property, this one is worth a closer look. Schedule your private showing today!
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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR814042904. Listing brokerage: RE/MAX ALLIANCE GROUP. Status: Active.
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