$1,600,000

About This Property

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 Mexico’s 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!

infoProperty Details

Property Type

Triplex

Year Built

1974

Lot Size

0.13 acres

Bedrooms

5

Bathrooms

5

Days on Market

30

Cumulative DOM

135

List Date

Dec 20, 2021

Sold Date

chairInterior Features

yardExterior & Lot

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Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

Current Coastal Realty

239-288-0511