3401 Palm Drive, PUNTA GORDA, FL

$399,000

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4

Beds

4

Baths

1,928

Square feet

0.33

Acres

About 3401 Palm Drive

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.

Features of 3401 Palm Drive

MLS® # TB8555249
Price $399,000
Bedrooms 4
Bathrooms 4.00
Square Footage 1,928
Acres 0.33
Year Built 1978
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 3401 Palm Drive
Area Punta Gorda
Subdivision TIERRA CORONADO
City PUNTA GORDA
County Charlotte
State FL
Zip Code 33950-3119
Housing for Seniors No

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
Heating Central
Cooling Central Air
Fireplace No

Exterior

Exterior Features Sidewalk
Roof Shingle
Foundation Block, Slab

Additional Information

Date Listed October 6th, 2026
Days on Market 2
Zoning RMF12
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentChant Karajian
Office10 STARS PROPERTY MANAGEMENT LLC

Listing Map

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