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
| Agent | Chant Karajian |
|---|---|
| Office | 10 STARS PROPERTY MANAGEMENT LLC |
