$660,000

About This Property

BUYER FINANCING FELL THROUGH! OVER APPRAISED at $713,000! Welcome to 13401 Pine Needle Ln, Fort Myers, FL 33908, a fantastic investment opportunity nestled in a serene neighborhood. This quadplex boasts a remarkable 8%+ CAP rate, making it an attractive option for savvy investors. Each of the four units has been meticulously renovated and updated, ensuring modern comfort and convenience for tenants. Currently, all units are rented, with one fetching $1,800 per month, one at $1,700 per month, and the remaining two at $1,600 per month. Each unit is equipped with its own washer & dryer, providing added convenience for tenants. The property features new A/C condenser units across all units, with two units also benefiting from new air handlers, ensuring efficient climate control and reduced maintenance concerns. The charming courtyard entrance adds a touch of elegance and provides a welcoming atmosphere for residents. Located in a desirable area of Fort Myers, this property is close to various amenities and attractions. Nearby, you'll find popular spots such as the Gulf Coast Town Center for shopping and dining, and the beautiful beaches of Fort Myers & Sanibel Island are just a short drive away. This quadplex is not just a property; it's a promising investment with a solid return potential. Don't miss out on the opportunity to own a piece of Fort Myers real estate that combines modern living with excellent income prospects. Appraisal, Home Inspection, 4-Point, & Wind Mitigation available upon request!

infoProperty Details

Property Type

Quadruplex

Year Built

1980

Lot Size

0.34 acres

Bedrooms

8

Bathrooms

4

Days on Market

124

Cumulative DOM

213

List Date

Feb 9, 2025

Sold Date

chairInterior Features

yardExterior & Lot

Mortgage calculator

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

Listed By

Epique Realty, Inc.

888-893-3537