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Harborside Luxury Rental Community 14550 River Beach Dr 15 Unit Apartment Building $16,593,762 CAD ($1,106,251 CAD/Unit) Port Charlotte, FL 33953
INVESTMENT HIGHLIGHTS
- Proven location in a growing area of Charlotte County with room and opportunities to assemble additional dirt
- Experienced existing ownership group willing to discuss different capital stacks and options
- Waterfront opportunity with rare and exceptional views
- Opportunity to reshape the location for future growth and access
EXECUTIVE SUMMARY
Link to property page: https://harborsideresidences.sharplaunch.com/
Located in the prime El Jobean coastal area, Harborside Residences offers a significant waterfront development opportunity totaling 220,849 square feet along the Myakka River. This desirable location connects directly to Port Charlotte’s main commercial corridor.
The property currently operates with 15 existing units but has valuable entitlements in place to expand to 88 total units with the potential addition of 73 new residences. An extra layer of potential is provided by an option to acquire adjacent land as well.
Pricing guidance is $11,995,000 but sellers are open to offers which would allow them to stay in the deal moving forward as well depending on factors. Call Listing Broker Doug McNicoll (651) 900-4386 for further details.
Located in the prime El Jobean coastal area, Harborside Residences offers a significant waterfront development opportunity totaling 220,849 square feet along the Myakka River. This desirable location connects directly to Port Charlotte’s main commercial corridor.
The property currently operates with 15 existing units but has valuable entitlements in place to expand to 88 total units with the potential addition of 73 new residences. An extra layer of potential is provided by an option to acquire adjacent land as well.
Pricing guidance is $11,995,000 but sellers are open to offers which would allow them to stay in the deal moving forward as well depending on factors. Call Listing Broker Doug McNicoll (651) 900-4386 for further details.
PROPERTY FACTS
| Price | $16,593,762 CAD | Building Class | B |
| Price Per Unit | $1,106,251 CAD | Lot Size | 3.66 AC |
| Sale Type | Investment | Building Size | 23,412 SF |
| No. Units | 15 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Cross Streets | Schofield Rd |
| Zoning | RMF15 | ||
| Price | $16,593,762 CAD |
| Price Per Unit | $1,106,251 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 3.66 AC |
| Building Size | 23,412 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Cross Streets | Schofield Rd |
| Zoning | RMF15 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Dock
- Island Kitchen
- Linen Closet
- Patio
- Large Bedrooms
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 7 | $4,911 CAD | 1,572 |
| 3+2.5 | 8 | $6,364 CAD | 1,486 - 1,953 |
PROPERTY TAXES
| Parcel Number | 402128477001 | Improvements Assessment | $4,406,821 CAD |
| Land Assessment | $1,619,123 CAD | Total Assessment | $6,025,944 CAD |
PROPERTY TAXES
Parcel Number
402128477001
Land Assessment
$1,619,123 CAD
Improvements Assessment
$4,406,821 CAD
Total Assessment
$6,025,944 CAD
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Harborside Luxury Rental Community | 14550 River Beach Dr
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