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5530 Palmetto St

FORT MYERS BEACH, FL 33931
  • $1,760,000
  • STATUS: Pending
  • ON SITE: 32 Days
  • MLS #: 221087309
Pending
UPDATED: 190 min ago
$1,760,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Lee

School Ratings & Info

Description

MONEY MAKING, MULTI UNIT, 5 BED /5 BATH WEEKLY RENTAL ZONE POOL HOME! The property is perfectly located with less than a 3 minute walk to the Gulf of Mexicos sugar sand beach via access #16! Upgraded and fresh turnkey multi-unit with two - 2BR/2Bath units and one - 1BR/1Bath unit. All THREE units are registered as short term vacation rentals with Town of Ft. Myers Beach! Each unit has a pullout for adding at least 2 "heads-on-beds" per unit! Palmetto Street is located in a quiet and popular vacation neighborhood. There is a washer and dryer for each unit. Each unit has its own private screen porch as well. The yard is enclosed with a privacy fence. Exceptionally large parking area for at least 8 cars. YTD bookings as of 9/30/2021 are at $120K. Total projected gross income for 2021 is $160K+ gross revenue! Bookings are already scheduled for 2022! CAP rate at approximately 7%. This is an easy "Plug-and-Play" positive cash flow investor opportunity. The perfect getaway location that your guests will enjoy a true 5 Star review champion!

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The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. 3035763. Properties displayed on this Website include properties listed with brokerage firms other than RE/MAX Realty Group. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service. Data last updated 2022-01-22T00:28:13.193.
www.clickfortmyers.com/homes/124195552
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5530 Palmetto St FORT MYERS BEACH, FL 33931

  • Price: $1,760,000
  • Status: Pending
  • On Site: 32 Days
  • Updated: 190 min ago
  • MLS #: 221087309
5
Beds
5
Baths
0
½ Baths
0.13
Acres
1974
Built
Neighborhood:
Gulf Heights
County:
Lee
Area:
Fb04 - Avenida Pescadora To S.Bd
Property Description
MONEY MAKING, MULTI UNIT, 5 BED /5 BATH WEEKLY RENTAL ZONE POOL HOME! The property is perfectly located with less than a 3 minute walk to the Gulf of Mexicos sugar sand beach via access #16! Upgraded and fresh turnkey multi-unit with two - 2BR/2Bath units and one - 1BR/1Bath unit. All THREE units are registered as short term vacation rentals with Town of Ft. Myers Beach! Each unit has a pullout for adding at least 2 "heads-on-beds" per unit! Palmetto Street is located in a quiet and popular vacation neighborhood. There is a washer and dryer for each unit. Each unit has its own private screen porch as well. The yard is enclosed with a privacy fence. Exceptionally large parking area for at least 8 cars. YTD bookings as of 9/30/2021 are at $120K. Total projected gross income for 2021 is $160K+ gross revenue! Bookings are already scheduled for 2022! CAP rate at approximately 7%. This is an easy "Plug-and-Play" positive cash flow investor opportunity. The perfect getaway location that your guests will enjoy a true 5 Star review champion!
Exterior Features

Boat Access None Building Desc Split LevelStilts Building Design Triplex Canal Width None Construction Wood Frame Exterior Features FencePatioStorage Exterior Finish Vinyl Siding Gulf Access YN No Irrigation None Lot Back 45 Lot Desc Regular Lot Frontage 45 Lot Left 125 Lot Right 125 Private Pool Desc Above Ground Private Pool YN Yes Private Spa YN No Road Public Road Roof Metal Waterfront Desc None Waterfront YN No

Interior Features

Baths Total 5.00 Cooling Ceiling FansCentral Electric Elevator None Flooring TileVinyl Heat Central Electric Windows OtherSliding

Property Features

Amenities Beach Access Cable Available YN Yes Community Type Non-Gated Foreclosed Reo YN No Gross Rental Income 198000.00 Information Available Financial Analysis Legal Unit 0 Lot Unit 9 MLS Bonita Springs Pets No Approval Needed Possession At Closing Potential Short Sale YN No Sewer Central Source Of Measure Lot Dimensions Field Measurements Source Of Measure Lot Size Property Appraiser Office Special Information None/Other Status Type Resale Property Subdivision Or Condo Name Gulf Heights Tax Desc City And County Tax District Type Not Applicable Tax Year 2020 Taxes 6317.00 Tenant Pays Cleaning Fee Terms Buyer Finance/Cash Total Buildings 1 Transfer Fee 0.00 Unit Count 3 Units In Building 3 Water Central Zoning Code Tfc2

Listing courtesy of Current Coastal Realty.


The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. 3035763. Properties displayed on this Website include properties listed with brokerage firms other than RE/MAX Realty Group. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service. Data last updated 2022-01-22T00:28:13.193.
 
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RE/MAX Realty Group
7910 Summerlin Lakes Dr.
Fort Myers FL, 33907