Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $400,000-$440,000
• Estimated Rehab: $120,000-$140,000
• Comparable Rent: $3,600-$4,000
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 25 W MARIANA AVE, NORTH FORT MYERS, FL 33903 - 4/4 2,480 sqft SOLD $340k JULY 2022 (1981 Quadruplex, very dated rental condition)
• Comp 2: 1112/1114 3RD WAY, NORTH FORT MYERS, FL 33903 - 2/2 936 sqft (Includes both sides) INVESTOR AS-IS SALE $170k JULY 2022 (1946 Duplex, outdated rental condition)
• Comp 3: 2303 NE 6TH ST, CAPE CORAL, FL 33909 - 8/4 3,444 sqft SOLD $765k AUGUST 2022 (1981 Quadruplex, clean updates, 2/1 per unit)
• Leased Rental 1: 548 SAN BERNADINO ST, NORTH FORT MYERS, FL 33903 - 2/1 768 sqft LEASED $1,200/mo SEPTEMBER 2022 (1982 build single family, rental condition)
• Leased Rental 2: 75 CYPRESS ST, NORTH FORT MYERS, FL 33903 - 2/1 700 sqft LEASED $800/mo JANUARY 2021 (1973 duplex - one side, very basic rental condition)
• Rehab Description: For a rental this a full rehab to all four units. Units #8040 & #8032 have been gutted. Units #8042 & #8030 will likely need to be gutted. Renovation and updating in all units the kitchens, bathrooms, flooring, fixtures, drywall, and appliances. Both the Roofs are in good condition.
• Features: RARE QUADPLEX rental play opportunity in North Fort Myers! This multifamily features a total of 4 bedrooms, 4 bathrooms (all units are 1/1) with a 2,700 living sqft (675 sqft per unit), each has an attached carport, and it sits on a large .55 acre lot. Being offered vacant at close and ready for renovation to become a cash flowing multifamily opportunity!
• Important Details: -->All UNITS VACANT! --> Optionally, can be sold as a package deal with the adjacent parcel single family - 8050 Cleaves Rd, North Fort Myers, FL 33903 - $299,990 Total Package Price
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab