RARE Fort Myers 2 Unit! HUGE Cashflow Potential!

Lee County, Fort Myers, FL, 33907
Sold
Listed at: January 2nd, 2024
Price
$179,000
ARV
$300,000
Gross Margin
$121,000
Sq. Footage
1109
Type
Multifamily
Parking
Carport
Year build
1959
Lot size
0.29 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Welcome to 1959 N Pine Dr, a charming property located in the heart of Fort Myers, FL 33907. This unique listing boasts not one, but two distinct structures on the premises, offering versatile living options and excellent investment potential.


The main residence is a well-maintained 2-bedroom, 1-bathroom home spanning 948 sqft. Step inside to discover a cozy and inviting atmosphere, with ample natural light accentuating the open living spaces. The thoughtful layout creates an ideal environment for both relaxation and entertaining, making this home perfect for individuals, couples, or small families.


As a bonus, the property features a separate 1-bedroom, 1-bathroom structure located at the rear. This additional dwelling, measuring 312 sqft, provides privacy and flexibility for various living arrangements. Whether you choose to use it as a guest house, home office, or rental unit, the possibilities are endless.


With a total property size of 948 sqft for the main home and 312 sqft for the secondary structure, this residence offers a combined living space that accommodates diverse lifestyle needs.


Situated in a convenient location, 1959 N Pine Dr is zoned TFC 2, providing opportunities for both residential and commercial uses. The surrounding neighborhood offers a mix of amenities, schools, and parks, ensuring a balanced and enjoyable lifestyle for residents.


Don't miss the chance to own this one-of-a-kind property with dual structures, offering flexibility, functionality, and the potential for a variety of living arrangements. Schedule a showing today to experience the unique charm and possibilities that 1959/1961 N Pine Dr has to offer!

MAKE AN OFFER, YOU COULD GET LUCKY!



COMPS:


5528 1st Ave, Fort Myers, FL 33907

4 bd3 ba1,500 sqft

Sold: $290,000

Sold on 07/10/23


5469-5471 9th Ave, Fort Myers, FL 33907

4 bd2 ba-- sqft

Sold: $300,000

Sold on 12/22/23


5634 8th Ave #5636, Fort Myers, FL 33907

4 bd 2 ba 660 sqft

Sold: $300,000

Sold on 09/27/23

REQUIREMENTS TO PURCHASE OUR PROPERTIES ALL INSPECTIONS TO BE COORDINATED DIRECTLY WITH DAVID NUMA ****BUYER TO PAY BOTH BUYER'S AND SELLER'S CLOSING COSTS**** ALL PURCHASES REQUIRE A $5,000-$10,000 DEPOSIT TO SELECTED TITLE COMPANY BUYER TO COMPLETE THEIR OWN DUE DILIGENCE ALL PROPERTY INSPECTIONS & VIEWINGS ARE BY APPOINTMENT ONLY DO NOT DISTURB OCCUPANTS DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action. Capital King Investments, LLC it's principals and associates do not exist to render, and do not give, legal, tax, economic, or investment advice. Values are strictly an opinion. Rental rates and repair estimates are also strictly an opinion. All numbers should be verified independently. Legal advice should be obtained through a qualified attorney. Capital King Investments, LLC and its principals and associates are not appraisers or general contractors and do not claim to be one. Consult your own independent legal counsel, general contractor, accountant, appraiser, or other advisor as to all legal, tax, investment, economic, financial and other related matters concerning real estate and other investments. Information is not guaranteed, please do your own due diligence.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Numa

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Disposition manager