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$1,195,000
1011 3rd St 1-4, Fort Myers Beach, FL 33931
5 Beds
4 Baths
1,684 sqft

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Great Income Producing Turnkey 4-PLEX with NIGHTLY rentals that is a rare find on Fort Myers Beach. $100K+ Annual Revenue Projected! Professional management in place. Brand new metal roof in 2020, gutters. Entire property has been upgraded inside and out. Interior recently remodeled with fresh paint, new furnishings, vinyl planking flooring on the 1st floor units. This means lower capital expenditures and maintenance for the new owner. Guests can walk to the Sugar sand beach, Times Square, the pier, restaurants, nightlife, shopping – everything that makes vacationing in Ft Myers Beach Perfect. Nightly QUADRAPLEX properties are in short supply and vacation rental demand is soaring. This location is near the planned Margaritaville Resort which offers both an upside to increase the rental income and value appreciation. Great opportunity to add to your rental portfolio.
  • Price:
  • $1,195,000
  • Bedrooms:
  • 5
  • Full Baths:
  • 4
  • Square Footage:
  • 1,684
  • Acreage:
  • 0.07
  • Year Built:
  • 1972
  • Listing ID #:
  • 221029957
  • Street Address:
  • 1011 3rd St 1-4
  • City:
  • Fort Myers Beach
  • State:
  • Florida
  • Postal Code:
  • 33931
  • County:
  • Lee
  • Community:
  • Fb01 - Bodwitch Pointe To Cresce
  • Subdivision:
  • Business Center
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
  • Building Condition:
  • Resale
  • Construction Description:
  • Aluminum Siding, Block, Frame, Concrete
  • Dwelling Type:
  • Quadruplex, Duplex
  • Exterior Features:
  • Deck, Patio, Storage
  • Flooring:
  • Tile, Vinyl
  • Number Of Units:
  • 1
  • Patio Description:
  • Deck, Patio
  • Style:
  • Duplex
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 1684
  • Type Of Roof:
  • Metal
  • Windows:
  • Jalousie, Sliding
  • Year Built:
  • 1972
  • Net Operating Income:
  • 68000
  • Operating Expense:
  • 40000
  • Approximate Lot Size Range Source:
  • Appraiser
  • Lot Features:
  • Rectangular Lot
  • Lot Size:
  • 0.07
  • Zoning Description:
  • C-1
  • Association Amenities:
  • Laundry, None, Barbecue, Picnic Area
  • Community Features:
  • Non-Gated
  • Days On Market:
  • 91
  • On Market Date:
  • 2021-05-03
  • Originating Mls:
  • Swfl
  • Terms:
  • All Financing Considered, Cash
  • Development Name:
  • Business Center
  • Subdivision:
  • Business Center
  • Property Taxes:
  • $4,564
  • Tax Year:
  • 2020
  • Tenant Pays:
  • Janitorial Service
  • Laundry:
  • Common Area
  • Pet Allowed:
  • Yes
  • Cooling System:
  • Ceiling Fan(s), Wall Unit(s)
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Mvp Realty Associates LLC
  • The source of the foregoing property information is a database compilation of an organization that is a member of the Southwest Florida Multiple Listing Service. Each Southwest Florida Multiple Listing Service member organization owns the copyright rights in its respective proprietary database compilation, and reserves all such rights. Copyright © 2013. The foregoing information including, but not limited to, any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations, or acreage is believed to be accurate, but is not warranted or guaranteed. This information should be independently verified before any person enters into a transaction based upon it.

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