2674-2674 Michigan Ave , FORT MYERS, FL 33916
FORT MYERS, FL 33916
Description
This charming corner lot property is situated in the highly desirable Dean Park District of Fort Myers. Featuring a new standing seam metal roof, impact windows, tankless water heaters, and elevated HVAC units, this income producing property is outfitted to withstand wear and tear from both tenants and the elements, allowing a potential buyer to focus on generating income rather than attending to maintenance issues. In terms of amenities, this property features twin carports with attached laundry rooms and a large fenced in back yard. The location is also unbeatable, providing residents walking access to downtown Fort Myers while affording them all of the peace and serenity that Dean Park living offers. The left side of this duplex is occupied by an annual tenant at more than $2,000 per month and the right side unit is currently operated as a vacation rental, providing ample opportunity for owner occupants to take advantage of the income from the left unit while living in the right unit. For investors looking to maximize cash flow, there have been multiple applications for annual tenancy of the right side at $2,400 per month. Possible annualized gross income of $57,600 with both sides rented at $2,400 per month. This property features an assumable flood insurance policy, providing coverage through the end of 2025. Agent/Owner Disclaimer- Listing agent possesses an ownership interest in the property.
Details
| MLS# | 224100587 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 43 |
| Listing Provided By | Premier Sotheby's Int'l Realty | Palmer Rosen |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| Units | 2 |
| Zoning | RS-7 |
| Acreage | 0.17 |
| Water Front | Yes |
Market Activity 33916
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | FORT MYERS |
| Zip Code | 33916 |
| Area | DEAN PARK |
| Community Name | DEAN PARK |
| Listing VS Median (in DEAN PARK) | |
Price: $499,000 low | high Med: $459,000 On Site: 43 low | high Med: 38.000000 | |