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North Fort Myers,FL 33903
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $150
Subdivision Cabana City
MLS Listing ID 224082393
Style None,Ranch,One Story
Bedrooms 2
Full Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1948
Annual Tax Amount $320
Tax Year 2023
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions Appraiser
Property Description
Amazing Investment Opportunity in SWFL!
Discover this exceptional property located just minutes from the vibrant downtown areas of Fort Myers and Cape Coral. Nestled on a generous .29-acre corner lot, this home boasts a prime location off Pondella Rd and US-41, making it ideal for both homeowners and investors alike.
Key Features:
Zoning for Duplex Multifamily: This property is zoned for multifamily use, allowing for the addition of an extra unit, maximizing your investment potential. Combine it with the neighboring lot at 1170 River Rd for an incredible opportunity to create up to four units!
Fully Remodeled (2023): This home has undergone a comprehensive remodel, featuring brand-new electrical and plumbing systems, fresh paint, an updated kitchen, and a renovated bathroom. The roof was replaced in 2018, ensuring peace of mind for years to come.
Cash Flow Potential: With a projected cash flow of over $8,000 MONTHLY, this property is not just a home; it's a smart financial investment.
Additional Lot Opportunity: Purchase the neighboring lot at 1170 River Rd, which includes an existing garage that can be converted into a studio apartment, further enhancing your income potential. The garage is built with durable concrete block and has a new roof.
Don’t miss out on this incredible opportunity to invest in one of SWFL’s most sought-after areas. Whether you’re looking to expand your portfolio or create a personalized living space, this property offers endless possibilities!
Location
State FL
County Lee
Community Cabana City
Area Fn06 - North Fort Myers Area
Rooms
Bedroom Description 2.0
Interior
Interior Features Separate/ Formal Dining Room, Eat-in Kitchen, Living/ Dining Room, None, Other, Split Bedrooms
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile
Furnishings Unfurnished
Fireplace No
Window Features Single Hung
Appliance Dryer,Electric Cooktop,Freezer,Microwave,Refrigerator,Washer
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Fruit Trees, Other
Community Features Non- Gated
Utilities Available Cable Available
Amenities Available None
Waterfront No
Waterfront Description None
Water Access Desc Assessment Paid
View Landscaped, Trees/ Woods
Roof Type Shingle
Garage No
Private Pool No
Building
Lot Description Corner Lot, Oversized Lot
Faces West
Story 1
Sewer Septic Tank
Water Assessment Paid
Architectural Style None,Ranch,One Story
Additional Building Outbuilding
Structure Type Block,Concrete,Stucco
Construction Status Resale
Others
Pets Allowed Yes
HOA Fee Include Cable TV,Internet,Sewer,Water
Senior Community No
Tax ID 11-44-24-01-000K0.0610
Ownership Single Family
Acceptable Financing All Financing Considered,Cash
Listing Terms All Financing Considered,Cash
Pets Description Yes