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 not available
Listing
Street
Satellite
Exterior Features
Style Ranch, Single Family
Construction Single Family
Siding Concrete Block, Stucco
Roof Shingle
Garage No
Water Assessment Paid
Sewer Septic Tank
Lot Description Corner Lot, Oversize
Interior Features
Appliances Electric Cooktop, Dryer, Microwave, Refrigerator/Freezer, Washer
Heating Central Electric
Cooling Ceiling Fan(s), Central Electric
Year Built 1948
Stories 1
Neighborhood & Schools
Subdivision CABANA CITY
Financial Information
Parcel ID 11-44-24-01-000K0.0610
Zoning TFC2
Listing Information
Properties displayed may be listed or sold by various participants in the MLS.