418 E Virginia Ave - Virginia Avenue Duplexes 8 Unit Apartment Building Offered at $875,000 at a 6.03% Cap Rate Punta Gorda, FL 33950

Hull Multifamily Advisors is pleased to present the exclusive offering of Virginia Avenue Duplexes in Punta Gorda, Florida. Built in 1969, this well-maintained 8-unit multifamily asset consists of four duplex-style buildings featuring a unit mix of (4) 720 SF two-bedroom/one-bath units and (4) 460 SF one-bedroom/one-bath units.

The property has undergone significant recent capital improvements, including new plumbing throughout, updated electrical panels and wiring in 3 of the 4 buildings, and new HVAC systems in 3 of the 4 buildings, helping minimize near-term capital expenditure needs for future ownership. Residents benefit from desirable amenities such as individual unit entrances, ample on-site parking, and a low-density residential layout that enhances tenant appeal. Current ownership pays for trash, water (4/8 units), and electricity (2/8 units), while tenants are responsible the remaining utility expenses.

Virginia Avenue Duplexes is being offered as a stabilized, cash-flowing investment with substantial upside potential. Most notably, the property features significantly below-market rents while historically maintaining occupancy levels near 100%. Based on an in-depth rent comparable analysis (located on page 17 on the OM), current rental rates are estimated to be approximately $150–$250 below competing properties in the market. This creates a clear opportunity for investors to increase rents toward market levels, driving additional cash flow and meaningful value appreciation. With its attractive Punta Gorda location, proven occupancy history, and strong value-add potential, this offering represents a compelling investment opportunity. Please contact Hull Multifamily Advisors for additional information before this opportunity is gone.