(Fort Myers) Cash Flowing Duplex w/ Below Market Rents

Lee County, Fort Myers, FL, 33905
Sold
Listed at: July 21st, 2023
Price
$190,000
ARV
$290,000
Gross Margin
$100,000
Sq. Footage
1560
Type
Multifamily
Parking
Driveway
Year build
1973
Lot size
0.15 acres
Bedrooms
5
Bathrooms
2
Half Bathrooms
0
Summary

DESCRIPTION

Duplex in Tice (Fort Myers)-- unit (1) is 3 bed/1bath and unit (2) is 2 bed/1 bath-- both are currently occupied with total gross rents of $1,700/month ($1,000 for renovated, $700 for dated unit). The updated unit is featured in the photos. Landlord only covers lawn care ($120/month), all other utilities are covered by the tenants.


PROPERTY DETAILS

Purchase Price: $195,000

Rent: $1,700

Sqft: 1,560

Beds: 5

Baths: 2 

Units: 2

Built: 1973

Lot Size: .14 Acres (6,316 Sqft)


MECHANICALS/MISC

Occupancy: Occupied

Construction: Block (Concrete)

Water Heaters: 2016 (Good Condition)

Roof: 2015 (No issues)

Electrical Panel: Good Condition

HVAC: Window

Parking: Driveway



CLOSING AND ACCESS


**Property WILL BE OCCUPIED BY TENANTS AT CLOSE**

**CLOSING ON 8/16/2023**

(Flexible on Close Date)

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Cody Schmidt

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Disposition manager