UPDATED:
11/06/2024 03:51 AM
Key Details
Property Type Multi-Family
Sub Type 2 Story,Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Beach Estates
MLS Listing ID 224051861
Bedrooms 4
Full Baths 4
HOA Y/N Yes
Originating Board Florida Gulf Coast
Year Built 1965
Annual Tax Amount $6,373
Tax Year 2023
Lot Size 4,443 Sqft
Acres 0.102
Property Description
The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of three units and $1000 per month for the fourth tenant. There is $70,000 - $76,000 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and all was dried out and ready for drywall replacement.
Location
State FL
County Lee
Area Beach Estates
Zoning RM-2
Interior
Heating None
Flooring Tile
Fireplace No
Heat Source None
Exterior
Amenities Available Common Laundry
Waterfront No
Waterfront Description None
Roof Type Built-Up
Street Surface Paved
Porch Patio
Garage No
Private Pool No
Building
Lot Description Regular
Building Description Wood Frame,Stucco, Common Area Washer/Dryer
Water Assessment Paid, Central
Architectural Style Two Story, Quadraplex
Structure Type Wood Frame,Stucco
New Construction No
Others
Pets Allowed Yes
Senior Community No
Tax ID 19-46-24-W3-0110C.0200
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