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North Fort Myers,FL 33903
Key Details
Property Type Single Family Home
Sub Type Ranch,Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $147
Subdivision Cabana City
MLS Listing ID 224082393
Bedrooms 2
Full Baths 1
HOA Y/N No
Originating Board Naples
Year Built 1948
Annual Tax Amount $320
Tax Year 2023
Lot Size 0.290 Acres
Acres 0.29
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
Area Cabana City
Zoning TFC2
Rooms
Dining Room Dining - Living,Eat-in Kitchen,Formal,Other
Interior
Interior Features Other
Heating Central Electric
Flooring Tile
Equipment Cooktop - Electric,Dryer,Microwave,Refrigerator/Freezer,Washer,Washer/Dryer Hookup
Furnishings Unfurnished
Fireplace No
Appliance Electric Cooktop,Dryer,Microwave,Refrigerator/Freezer,Washer
Heat Source Central Electric
Exterior
Amenities Available None
Waterfront Description None
View Y/N Yes
View Landscaped Area,Trees/Woods
Roof Type Shingle
Garage No
Private Pool No
Building
Lot Description Corner Lot,Oversize
Story 1
Sewer Septic Tank
Water Assessment Paid
Architectural Style Ranch,Single Family
Level or Stories 1
Structure Type Concrete Block,Stucco
New Construction No
Others
Pets Allowed Yes
Senior Community No
Tax ID 11-44-24-01-000K0.0610
Ownership Single Family