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Neil & Cathryn Blair-Bennett

Broker-Associates
1631 Del Prado Blvd #410
Cape Coral, Fl 33990
239-645-3798
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Listing 7 out of 359
Sold for $505,000 Sold

230 Fairweather Ln
Fort Myers Beach, FL 33931

4 units | Multi Family Home
4452 sq ft - MLS# 219011567
Property Photo

Sold

Sold for $505,000 on Feb 22, 2019

Description

Great Investment Property. This Multifamily is located within walking distance to the beach and Time Square on Fort Myers Beach. Well maintained one story building for Seasonal or Annual Rental. Each Turnkey unit features 1 bedroom, 1 bathroom, tile and laminate throughout, open kitchen, and one parking space assigned for each apartment. Building offers common laundry and Hot Tub. Great Location, walking distance to everything. All units are rented seasonally at $75 per night., bookings keep coming every week for off season and next season. May-November is offered at $50 per night rate or $1.050 a month with a 7 month lease. This is a great investment opportunity with 12%+ Return on Investment. It is Professionally managed with a booking system in place and the management is willing to keep doing they job for the future owner. This Property is current on the contract with a kick out clause please summit your offers.

Features

  • Property Type: Multi Family Home
  • Sub Type: Quadraplex
  • Listing Status: Sold
  • Listing Price: $525,000
  • County/Area: Lee County
  • Zip Code: 33931
  • Year Built: 1967
  • Subdivision/Neighborhood: Beach Estates
  • Style: 1 Story/Ranch
  • Stories: 1 Story/Ranch
  • Units: 4 units
  • Bedrooms: 4
  • Full Baths: 4
  • Lot Size: 4452 sq ft
  • Baths: 4
  • Waterfront: 0
  • Zoning: RM-2
  • Annual Net Operating Income: 91755.00
  • Cable Available YN: Yes
  • Community Type: Non-Gated
  • Construction: Concrete Block
  • Construction Status: Resale Property
  • Cooling: Wall Unit
  • Development Name: Beach Estates
  • Exterior Features: Fence
  • Exterior Finish: Stucco
  • Flooring: Laminate, Tile
  • Gross Rent: $96,000
  • Heating: Wall Unit
  • Irrigation: Central
  • Lot Description: Regular
  • Lot Unit: 21
  • Pets: With Approval
  • Roofing: Shingle
  • Selling Agent: Isabelle Wells
  • Selling Office: John R. Wood Properties
  • Sewer: Central
  • Tax Amount: 4332.00
  • Tax Desc: City And County
  • Tax Year: 2017
  • Tenant Pays: Departure Cleaning
  • Township: 46
  • Water: Central
  • Windows: Single Hung
  • s: 4
  • Sold Price: 505000.00
  • Sold Date: 2019-02-22 00:00:00
Courtesy of Innova Real Estate Corp

Neil & Cathryn Blair-Bennett
1631 Del Prado Blvd S. #410
Cape Coral, FL 33993
Phone: 239-244-1495
Email: Homes@cbcapecoral.com

Testimonials

It was our dream to retire to Florida and we did it. Cathy and Neil were so helpful. Their knowledge of things beyond real estate was so impressive. We thought we had to spend so much more than we did, but they showed us where we could save and get more house for our money. Now we love being Floridians! Richard & Karen Cape Coral, FL
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