1215 Capricorn Blvd - Apartments FOR SALE


Punta Gorda, FL 33983
$1,649,900 USD
941-661-1202
1215 Capricorn Blvd, Punta Gorda, FL for Sale
$1,649,900 USD
Apartments - FOR SALE
1/9
null | 6.62% Cap Rate

1215 Capricorn Blvd
Punta Gorda, FL 33983


OVERVIEW

Under Construction. Under Construction – Investor Opportunity in Deep Creek. Nearly completed 8-unit multifamily property offering a strategic value-add opportunity for investors or builders looking to step into a project already well underway. Seller/Builder is available to complete construction or is willing to contract with the new owner under acceptable terms to assist in completing the project, providing flexibility and significantly reducing execution risk. Builder is familiar with the project and available to assist with completion, helping streamline timeline and cost control. Each unit is designed as a 2-bedroom, 1-bath layout with approximately 1,083 sq. ft. of living space and includes modern finishes such as tile flooring throughout, granite countertops, stainless steel appliances, ample cabinetry, spacious bedrooms, hurricane-impact windows, and tankless water heaters. A detailed breakdown of remaining construction items, estimated completion costs, and contractor contacts is available, allowing investors to clearly evaluate the path to completion and projected returns. Permits are transferable to the new owner, enabling a smooth transition and minimizing delays. Ideal for investors seeking to complete and stabilize an income-producing asset in the desirable Deep Creek area. Contact for full project details, cost-to-complete breakdown, and access to virtual walkthrough.

FOR SALE DETAILS

PRICE

$1,649,900 USD

PRICE/SF

$190 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,238

CAP RATE

6.62%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-family 8 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,676 SF

ZONING

RMF15

APN/PARCEL ID

402307281006

ASK ABOUT THIS PROPERTY

Donna FrenchRE/MAX Palm RealtyMore Info
941-661-1202

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Donna FrenchRE/MAX Palm RealtyMore Info
941-661-1202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.