1281 Barrett Road, North Fort Myers, FL 33903

$449,000
5
BD
6
BA
2,731
SqFt
List Price
$449,000
Listing Price
$449,000
Price Change
▼ $40,900 1671052662
Days on Market
228
MLS#
SWFL-222045979
Development
North Fort Myers
Building Design
Quadraplex
County
Lee
Region
FN03 - North Fort Myers Area
Development
North Fort Myers
Subdivision
North Fort Myers
Year Built
1982

Property Description

40K REDUCTION! BRING AN OFFER. $60,540 annual income! Check out this multifamily complex on the market! This property features a quadplex, (4 units), and a separated 1 unit building. This property is sitting at a 6.5% Cap Rate with potential of a value add! The separate 5th unit includes a fridge, sink, stovetop, standing shower, toilet, & wall AC unit... Each standard unit of the quadplex is 1 bed 1 bath. 2 have wall A/c and 2 have central air. Cable is available. Unit 1 is remodeled, unit 2 is the largest unit with a den but no closet so it is still considered a 1/1. Units 3 & 4 are standard 1/1's. This property also features an oversized shop across from unit 4, which is currently used at storage. The Quadplex has a new roof installed. Water and electric is connected to 1 meter. All 5 units have tenants in place as well as property management in place. There is a shared common area for laundry on site. Please call with any questions I will answer them to the best of my knowledge. I have leases to share if needed. This Property has huge upside potential! Agents Please See Remarks in regards to showings.

Additional Information

Tax Year
2021
Units
1
Bathrooms
6
Approximate Living Area
2,731
Building Description
1 Story/Ranch
Lot Size
0.5942000000000001
Construction
Block, Concrete, Stucco
Amenities
See Remarks
Water
Public
Sewer
Public Sewer
Cooling
Central Air, Electric, Wall Unit(s)
Waterfront Description
None
Community Type
Non-Gated
Tenant Pays
Application Fee

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cozza Investment Group Inc.

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